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After the offerings priced in the middle of the marketed range, the stock fell 8.7% to $ 10.50. HPX and shareholders Canada Pension Scheme Investment Board, Sinven and Ecute AB raised 8 748 million ($ 779 million) offerings. Following the launch of the company’s supporters, the overall wishes can raise an additional $ 112 million.
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The introduction of HPE is the initial indicator of whether the European IPO activity could create $ 20 billion in last year’s constituencies. In Amsterdam, Ferrari Group PLC raised about 196 million after an IPO in its trading launch.
Bloomberg on Wednesday reported that investors had orders for almost five times more stocks than the IPO of the HPC. It came after the offering was sold within hours of the opening of the books.
Sinven and Canada Pension Scheme Investment Board acquired HBX – later called Hotel Bets – about $ 1.2 billion from the travel group TUI A 2016. Hotel Bets is a total platform that connects hotels with travel agent, airlines and tour operators. Other brands of HPX Group include bedsonline and robg.
The first largest list of the year, the IPO, follows the introduction of the Cox APG Group SA in November. Blackstone Inc. Bloomberg has reported that this year’s Spanish Casino Operator is preparing for the potential IPO of Sirza Enterprise.
The offering was led by the Bank of America Corp, City Group Inc and Morgan Stanley, the company said. Evergore Inc. Acting as a financial consultant.
(Updates with the latest share price, additional details and chart.)
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