Curse of Europastry for going public

A new failure for Europastry, the Catalan giant of frozen baked goods and baked goods. As the market awaited the price of the shares with which it was to debut on the stock market this Thursday, October 10, the company once again canceled its listing plans, thus achieving what only fifteen days ago seemed like something surpassed: a fifth failure an attempt to debut on the floor. In a note sent to the National Securities Market Commission (CNMV) on Tuesday evening, the company is returning – as it already did at the end of June – to hide behind the “international geopolitical situation” that is “causing deep instability in the country.” markets.” If before the summer the justification was the European electoral processes, now it is the aggravation of the situation in the Middle East.

Europastry assures that the company received a very good response from investors, managing to cover demand already on the first day of the survey (the so-called bookmaking), but as D-Day approached, this interest waned, causing the securities’ valuations to fall during the offering, far from shareholders’ expectations.