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

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'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.

 

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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.
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