HBX Group plans $1.04 billion IPO, eyes Madrid trade – Reuters

Investing.com — Spanish journey know-how agency HBX Group, identified for its model Hotelbeds, is reportedly getting ready to launch an preliminary public providing (IPO) price 1 billion euros ($1.04 billion) within the upcoming weeks, in response to Reuters

The corporate, owned by non-public fairness, has been planning this IPO for over a 12 months. Lately, it has been gauging investor curiosity and will announce its intention to go public as early as subsequent week, assuming the investor response is favorable, stated one of many sources.

The sources, who requested to not be recognized because of the non-public nature of the discussions, additionally revealed that HBX Group and its shareholders have been considering an inventory on the Madrid trade. The shareholders of the corporate embody non-public fairness corporations Cinven and EQT (ST:EQTAB), alongside Canadian pension plan CPP Investments.

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