Smithfield Financial wins KPN Mobile IPO

Smithfield Financial is to handle the flotation on the Amsterdam stock exchange of KPN Mobile, a wholly-owned subsidiary of Dutch telecoms group KPN.

Smithfield Financial is to handle the flotation on the Amsterdam

stock exchange of KPN Mobile, a wholly-owned subsidiary of Dutch

telecoms group KPN.



The deal is the largest IPO currently taking place in Europe. KPN Mobile

is expected to have a market capitalisation of pounds 25 billion, and is

likely to seek other listings.



Smithfield will work on international media relations, office structure

and the retail network for the client, which has eight million

subscribers, mainly in the Netherlands and Germany. Although KPN has

been in the mobile phone business since 1994, KPN Mobile was only set up

last November.



Smithfield will work closely with ABN Amro Rothschild and JP Morgan, the

two investment banks handling the flotation, which is planned to take

place before July.



Smithfield director Andrew Hey will lead the account, reporting to KPN

Mobile CEO Diederik Karsten. Hey set up Smithfield’s international IPO

practice after leaving Citigate Dewe Rogerson 18 months ago.



’We have established our credentials with investment banks,’ he

said.



There are another six IPOs or share offerings on the go, he claimed.



Hey also claimed the agency was working on six further IPOs or share

offerings and was looking to add staff to its core IPO team of six.



- Smithfield is also handling international media relations and investor

relations for the IPO of New Skies Satellites (NSS), due to float in the

next two months. Part of Intelsat, the inter-governmental satellite

provider, NSS was launched in 1998 as a precursor to the eventual

privatisation of Intelsat as a whole. NSS is involved in the internet

and data convergence as well as satellite technology, and has offices in

the Hague, London, Sao Paulo and Washington.



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