Specialist Engineering Firm TSK Plans €150 Million IPO in Spain

TSK Electronica y Electricidad SA is planning an initial public offering in what would be the first sizeable main market listing in Spain this year.

The family-owned engineering company plans to raise about €150 million ($175 million) by offering new shares, it said in an emailed statement. The power generation specialist has seen “strong interest” from investor meetings, driven by its growth outlook, it added.