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CVC unveils plan for $1.3 bln private equity IPO
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CVC unveils plan for $1.3 bln private equity IPO
Apr 15, 2024 1:37 AM

LONDON, April 15 (Reuters) - CVC Capital Partners said

on Monday it planned to list its shares on Euronext Amsterdam

despite the conflict in the Middle East, in one of the most

highly anticipated initial public offerings in Europe this year.

The company and its backers aim to raise at least 1.25

billion euros ($1.33 billion) through the sale of new and

existing stock.

London-headquartered CVC is the latest buyout group in

Europe to attempt an IPO, following in the footsteps of rivals

like Bridgepoint and EQT.

EQT has seen its share price rise nearly 50% in the last six

months and is up more than 17% so far this year.

With potential interest rate cuts ahead boosting stock

markets, bankers are hopeful for a revival in new stock listings

in the coming months, following a string of deals in the first

quarter of the year.

($1 = 0.9385 euros)

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