Economic news

CVC Sets IPO Price at 14 Euros per Share, Middle of Range

AMSTERDAM, April 26 (Reuters) - CVC Capital Partners said on Friday it had set the final price for its initial public offering (IPO) at 14 euros ($15.02) per share, at the middle of its announced range.

The company had offered shares at a price range of 13 to 15 euros, with trading due to start on Euronext Amsterdam on Friday.

The company said it would raise 2-2.3 billion euros from the deal, depending on whether investors used their over-allotment options.

CVC's market value would be 14 billion euros.

The IPO in Amsterdam is likely to be one of Europe's biggest this year.

Europe has seen a string of companies go public recently, taking advantage of higher stock prices and improving investor sentiment.

Spanish beauty group Puig is scheduled to attempt an IPO in its home market in the coming days.

($1 = 0.9324 euros)

Reporting by Tassilo Hummel, Bart Meijer and Emma-Victoria Farr, editing by Inti Landauro

Source: Reuters


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