Record IPO
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27 February 2008
Strabag SE, Austria's largest contractor, raised € 1.33 billion (US$ 1.91 billion) in its October Initial Public Offering (IPO) of shares. It sold 28.2 million shares – 25% of its capital –for € 47 (US$ 65.8) each in the biggest stock market debut in Austrian history. Existing private share holders sold 9.2 million shares, while 19 million new shares were issued, 3 million of which had been set aside as an over-allotment option.
In the event, Strabag says it had 10 times more applications for shares than it could meet.
How site conditions determine which aerial work platform is best suited to the project
Intelligent intervention that can help contractors prevent incidents without compromising productivity
In the face of rising costs, tighter margins and labor shortages, there has never been a greater need to make the best use of every hour on site