OdiGeo IPO flies after shares priced at €10.25, a premium to peers

travel right size
By Nina Flitman
03 Apr 2014

Spanish online travel agent eDreams OdiGeo completed an IPO, giving the firm a market capitalisation of around €1.1bn, with pricing at a premium to comparables.

The deal was priced at €10.25 a share, the top of the revised range, putting the firm on a 2013 Ebitda ratio of around 10.6 times, a slight premium to fellow online travel retailer Expedia.

“OdiGeo is the category leader for this sector,” said one banker close to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial