By Andres Gonzalez and Pablo Mayo Cerqueiro LONDON (Reuters) - Hotelbeds is interviewing banks to lead the sale of more than 1 billion euros ($1.07 ...
By Andres Gonzalez and Pablo Mayo Cerqueiro LONDON - Hotelbeds is interviewing banks to lead the sale of more than 1 billion euros of shares in an initial public offering - Hotelbeds is interviewing banks to lead the sale of more than 1 billion euros of shares in an initial public offering next year, people familiar with the matter told Reuters.
The company and its shareholders – which include private equity funds Cinven and EQT, as well as Canadian pension plan CPP Investments – are leaning towards Madrid as their preferred listing venue, one of them said. Deliberations are still preliminary, and plans may still be altered or dropped, the people cautioned.
The listing plans highlight improving investor sentiment towards new stocks after months of muted activity. Should it list in Spain, Hotelbeds' would be one of the largest IPOs the country has seen in recent years.
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