Spanish utility Cox cuts IPO size to $186 million

Cox ABG has cut its all-primary IPO by 13% on its last day of bookbuilding, as it calls on "friends and family" for help ...
The company, which announced its IPO plans on Nov. 5, added it would keep the same price range of 10.23 euros to 11.38 euros per share, giving Cox an expected market capitalization of 830.2 ...
The Spanish water and clean energy utility Cox has set its final price at 10.23 euros per share. This implies a market cap of 805 millions euros.
Should it succeed, Cox’s listing would be a shot in the arm for the Spanish IPO market after Barcelona-based baker Europastry SA recently halted its listing plans for a second time this year.
(Bloomberg) -- Cox Abg Group SA expects to price its initial ... There is no set date for the start of the formal book-building process, but the IPO is likely to be priced after the outcome ...