Sif Raises EUR 112 Million Through IPO

Sif Holding N.V., a Dutch manufacturer of foundation components for offshore wind and offshore oil & gas markets, completed the listing process on Euro Next Amsterdam on May 12.

The company has sold 8 million ordinary shares priced at EUR 14, for a total of EUR 112 million. In addition, the placement includes an over-allotment option of up to 800,000 shares, potentially bringing Sif another EUR 11.2 million. The 8.8 million shares represent a 35% stake in the company.

With a market capitalisation of EUR 357 million, the listing of Sif is the largest this year within the EnterNext scope.

Jan Bruggenthijs, CEO at Sif, said: “We are very pleased to have completed the listing process, resulting in a listing on Euronext Amsterdam which we celebrate today. Euronext provides a solid platform for Sif, it gives access to the capital markets and provides brand recognition and transparency. We would like to thank our investors for their trust in the company and its management and look forward to executing our growth strategy as a leading manufacturer of large steel tubular foundation components for the offshore wind and offshore oil & gas industries. We are ready for a life as a listed company.”

Sif is a manufacturer of customised tubular components for offshore foundations, predominantly in the greater North Sea region. The company is headquartered in Roermond, the Netherlands, with a production site of over 100,000m2 and 13 production halls.