Four Big Mistakes Hotels Make With International PPC Marketing Sponsored This content is created collaboratively with one of our sponsors.
All of the sudden between Spain’s eDreams Odigeo and the Swiss online travel agency Bravofly the European market for online travel is hot, hot, hot.
EDreams Odigeo, owned by Permira Advisers LLP and Ardian, the private-equity firm formerly known as AXA Private Equity, will issue about 4.88 million new shares to raise gross proceeds of about 50 million euros, the Barcelona-based company said in a statement today. The total size of the offering before any over- allotment option is 376 million euros, it said.
Spanish companies are holding IPOs as investors return to the Iberian market on the promise of an economic recovery after the sovereign debt crisis. IPOs in Europe have raised about $17 billion this year, more than triple the amount in the same period in 2013, data compiled by Bloomberg show.
JPMorgan Chase & Co., Deutsche Bank AG and Jefferies Group LLC are among the banks managing the sale and the shares will start trading in Madrid on April 8.
Applus Services SA, also based in Barcelona and owned by Carlyle and Investindustrial Advisors SpA, yesterday announced plans to sell new and existing shares.
Applus’s IPO is seeking to raise about 1 billion euros, including a sale of new shares by the company for 300 million euros, two people familiar with the matter have said. The company may be valued at about 2 billion euros, excluding debt, the people said.
–With assistance from Ruth David in London.
To contact the reporter on this story: Manuel Baigorri in London at email@example.com To contact the editors responsible for this story: Aaron Kirchfeld at firstname.lastname@example.org Robert Valpuesta, Thomas Mulier