CVC debuts on the trading floor with a rise of almost 24%

MADRID, 26 Abr.

CVC debuts on the trading floor with a rise of almost 24%

MADRID, 26 Abr. (EUROPA PRESS) -

CVC Capital shares began trading this Friday on the Amsterdam Stock Exchange with a rise of 23.8%, marking a first price of 17.34 euros, compared to the 14 euros per share set by the venture capital fund for his jump onto the hardwood.

Within a few minutes of trading, the price of CVC securities rose by up to 28.6%, reaching a price of 18 euros per unit.

The price per share finally established for its debut at Euronext Amsterdam was located at the midpoint of the expected range of between 13 and 15 euros, valuing CVC at 14,000 million euros and allowing it to raise between 2,000 and 2,300 million euros.

The fund specified that, assuming the over-allotment option is not exercised, the size of the offer will be around €2 billion, around 14.4% of the company's issued share capital, while, if the over-allotment option is exercised in full, the size of the offer will be approximately €2.3 billion, representing 16.3% of the issued share capital.

"The strength of demand has meant that we have been able to significantly increase the size of the offer by more than €400 million to €2 billion, providing additional liquidity to the market," said Rob Lucas, CEO of CVC, for whom , as a listed firm, CVC will be well positioned to implement its strategy and seize opportunities in an evolving and growing industry.

CVC manages approximately 186,000 million euros of assets and in Spain it has investments in Naturgy, Exolum, Deoleo, as well as in Tendam, the Alfonso X el Sabio University and La Liga.

CVC's IPO follows in the footsteps of other firms such as EQT or Bridgepoint and adds to a 2024 start with greater activity in the European market, after the recent jumps to the stock market of companies such as Galderna or Douglas, as well as the recent advertisement from the Spanish company Puig.

NEXT NEWS