HBX Group Plans $1.04 Billion IPO, Aiming for the Madrid Stock Exchange - Reuters

Investing.com -- Spanish travel technology firm HBX Group, known for its Hotelbeds brand, is reportedly preparing to launch an initial public offering (IPO) valued at 1 billion euros ($1.04 billion) in the coming weeks.

The private equity-owned company has been planning this IPO for over a year. Recently, it has been gauging investor interest, and if the response is positive, it may announce its intention to go public as early as next week, according to one source.

Due to the confidential nature of the discussions, sources requesting anonymity also revealed that HBX Group and its shareholders are considering a listing on the Madrid Stock Exchange. Among the company’s shareholders are private equity firms Cinven and EQT, as well as Canada’s pension plan, CPP Investments.