Digi Spain plans €150 million IPO in Spain

TL;DR

• Digi Spain said it plans an initial public offering in Spain to raise €150 million through new shares and sell existing shares.
• The company said the deal is based on a pre-money equity valuation of up to €1.7 billion and could place up to 25% of the business.
• Digi Romania plans to keep at least 75% of Digi Spain, while Global Portfolio Investments committed €100 million.

Digi Spain said it has formally notified its intention to launch an initial public offering in Spain through a public offering of new and existing shares. The company plans to seek admission to trading on the stock exchanges of Barcelona, Bilbao, Madrid and Valencia.

Digi Spain said the transaction is structured around a pre-money equity valuation of up to €1.7 billion. The offer includes a €150 million capital increase in new shares and a sale of existing shares by Digi Romania, with a target of placing up to 25% of the company. Digi Romania said it will retain at least 75% of Digi Spain and keep strategic control. Digi Spain said net proceeds of about €136 million will be used in Spain to expand its SMART fiber network and deploy its own mobile infrastructure.

Global Portfolio Investments, the investment vehicle of the Domínguez de la Maza family, signed a binding commitment to invest €100 million in the offering. Digi Spain said the timetable depends on approval of the prospectus by Spain's Comisión Nacional del Mercado de Valores (CNMV), and the deal could start in late July. As of 31 March 2026, Digi Spain reported 11.4 million customers in Spain, including 7.6 million mobile, 2.8 million fixed broadband, 0.9 million fixed telephony and 0.2 million pay TV customers.

Related questions

• How much does Digi Spain plan to raise in its IPO?
• Which Spanish stock exchanges does Digi Spain plan to list on?
• How will Digi Spain use the net proceeds from the offering?
• What stake will Digi Romania retain after the IPO?