Hogan Lovells advises TSK on its €150M IPO
Hogan Lovells has advised TSK on its initial public offering and listing on the Spanish stock exchange, marking a key milestone for the engineering and technology group focused on energy transition, digitalisation and industrial solutions.
The transaction was structured as an initial public offering of subscription shares raising €150 million, resulting in an initial market capitalisation of approximately €583 million, which could increase to around €605 million if the over-allotment option (green shoe) is exercised. The listing represents the first IPO in Spain in 2026, underscoring renewed momentum in the Spanish equity capital markets.
Hogan Lovells advised TSK throughout the transaction, supporting the structuring and execution of the offering, as well as coordination across the capital markets process.
The team
The Hogan Lovells team was led by Íñigo Berrícano, Partner in capital markets, and Álvaro Albors, Counsel in capital markets, with support from Emiliano Moreno Rodríguez, Jorge Núñez-Lagos Torralba, José Antonio Garaña Manchón and Pedro Beneyto Martini, associates in the capital markets team.
