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LONDON - J.P. Morgan SE has announced the completion of the post-stabilization period for NN Group (AS:NN) N.V.’s securities, confirming that no stabilization activities were conducted. The initial announcement on March 3, 2025, preceded this latest update, which pertains to the EUR 1 billion RegS Bearer benchmark perpetual Restricted Tier 1 offering, with a resettable feature in year 10 and listed on Euronext (EPA:ENX) Dublin.
The offering, which was priced at 100.000%, had a team of stabilization managers that included BNP Paribas (OTC:BNPQY), Citigroup (NYSE:C), Deutsche Bank (ETR:DBKGn), ING, Natixis, and UniCredit, alongside J.P. Morgan SE as the stabilization coordinator. Stabilization efforts, as defined by Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) and the Financial Conduct Authority’s rules, are measures taken by underwriters to support the market price of a security after its initial offering to prevent or retard a decline in its market price.
The absence of stabilization activities suggests that the market has naturally supported the securities at or above the offer price, indicating a stable or positive reception by investors. The completion of the stabilization period marks a significant post-offering phase for NN Group N.V., a financial services company, as it continues its operations without the potential support mechanisms provided by stabilization activities.
This information, based on a press release statement, is intended for informational purposes only and does not serve as an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction. The news service of the London Stock Exchange (LON:LSEG), RNS, approved by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280) as a Primary Information Provider, provided the details of the announcement. Terms and conditions relating to the use and distribution of this information may apply.
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