News Formal

Long-awaited $2 billion CVC debut shows the IPO market is back on track, Euronext boss says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 27 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 72%

IPO News

Business,Markets,Breaking News: Markets

'It is a very strong signal of the comeback of IPOs in Europe, in particular in continental Europe,' Euronext's Stéphane Boujnah said.

Euronext boss Stéphane Boujnah said the long-awaited trading debut of private equity group CVC Capital Partners shows that Europe's initial public offering market is back on track.

Shares of Amsterdam-listed CVC, one of Europe's largest buyout companies, jumped around 23% on Friday morning. CVC, which expects to raise between 2 billion euros and 2.3 billion euros from the deal, said the IPO was oversubscribed multiple times and increased to accommodate robust demand from institutional investors, Reuters

Boujnah said the Euronext platform, the largest stock exchange in Europe and one of the largest in the world, had welcomed 11 stock listings since the beginning of the year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Long-awaited $2 billion CVC debut shows the IPO market is back on track, Euronext boss says“It is a very strong signal of the comeback of IPOs in Europe, in particular in continental Europe,” Euronext’s Stéphane Boujnah said.
Source: nbcchicago - 🏆 545. / 51 Read more »