LONDON – JP Morgan SE has announced that it has not taken any stabilization measures for the recently offered securities of Kapla Holding SAS. The announcement of January 10, 2025 follows the initial announcement of the pre-stabilization period of January 9, 2025.
Kapla Holding SAS issued 6.25-year 2-year senior secured notes worth EUR 400 million, which were listed on the Luxembourg Stock Exchange. The bid price for these securities was 100.
Stabilization efforts are activities that underwriters may take to support the price of a security after its initial offering. However, in this case JP Morgan SE, acting as stabilization coordinator, with Credit Agricole (OTC:) CIB as stabilization manager, did not take such action during the period in which they were authorized to do so.
The press release clarifies that the information provided is for informational purposes only and should not be considered an invitation or offer to buy or sell any of the Issuer’s securities in any jurisdiction.
Stabilization activities are regulated by Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) and the rules of the Financial Conduct Authority. The lack of stabilization actions suggests that the acceptance of Kapla Holding’s new securities in the market did not require the intervention of sponsors to maintain their price.
Investors and market watchers typically follow stabilization announcements because they can provide insight into the demand and stability of a new securities market.
This announcement is based on a public statement and aims to provide market participants with factual information regarding the period after the stabilization of the Kapla Holding SAS securities offer.
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