Digi Communications backs Spanish subsidiary IPO

Business Forum
Digi Spain has announced its intention to launch an initial public offering (IPO) on the Spanish stock exchanges, aiming to raise approximately €150 million through a primary issuance of new ordinary shares.

The float, announced on 29 June 2026, represents a key step in the telecom group's broader exploration of strategic options for its Iberian operations.

The offering will comprise the primary issuance alongside a secondary offering of existing shares held by Digi Romania, which currently serves as Digi Spain's sole shareholder. 

The subsidiary has already secured a significant cornerstone backer, receiving a binding commitment of €100 million from Global Portfolio Investments. This investment remains contingent on an offer price that reflects a pre-money equity valuation of up to approximately €1.7 billion. Following the completion of the IPO, including any exercise of the secondary over-allotment option, Digi Romania is set to retain a dominant stake of at least 75% in the Spanish business.

Digi Spain intends to apply for admission to trade its ordinary shares on the Barcelona, Bilbao, Madrid, and Valencia Stock Exchanges through the automated quotation system, Mercado Continuo. 

The definitive timing of the float remains subject to market conditions and final prospectus approval from the Spanish Securities Market Commission (CNMV).

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