Copying and distributing are prohibited without permission of the publisher.

Watermark

Amadeus IPO pilots safe route through sell-off

29 Apr 2010

Spanish booking firm Amadeus raised Eu1.32bn from a jumbo IPO that defied this week’s heavy sell-offs across equity markets and the downgrade of Spain’s credit rating to become Europe’s largest financial sponsor float in two years. Bookrunners priced the offer — the largest IPO completed in Europe this year — on Tuesday afternoon shortly before Spain’s Ibex 35 index lost 4.2% only to extend its fall by another 3% the following day.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free Trial
29 Apr 2010