NewsA&O advising Eurowag on its IPO on the London Stock Exchange

Eurowag announced its intention to undertake an IPO on 13 September 2021, and if it proceeds, will apply for admission of its ordinary shares to the premium listing segment of the Official List of the FCA and to trading on the main market of the London Stock Exchange. The offer is expected to comprise both new ordinary shares to be issued by the company, raising gross proceeds of approximately EUR200 million to support Eurowag’s growth strategy, and existing ordinary shares to be sold by existing Eurowag shareholders.

Founded in the Czech Republic in 1995, Eurowag is a leading pan-European integrated payments and mobility platform focused on the rapidly-growing commercial road transportation industry. The company’s payment solutions include energy payments through a card network of approximately 15,500 acceptance points across approximately 30 countries in Europe, and toll payments across 23 countries in Europe. Meanwhile, its mobility solutions include tax refund services, fleet management services (including vehicle information and telematics), smart routing and other adjacent services.

Commenting on the IPO, Allen & Overy equity capital markets partner James Roe said:

“We are proud to have supported our client Eurowag on a key milestone in its continued development. The transaction reinforces that London remains an attractive listing venue for international businesses, and showcases A&O’s ability to support international clients on complex, cross-border transactions.”

Prague-based corporate partner Prokop Verner added:

“Having worked with the management team of Eurowag for a number of years representing them on strategic M&A deals, it’s has been a privilege to be involved in such important step for the company. It is another example of A&O being the preferred counsel on IPOs of leading Czech companies.”