CVC Rises After €2 Billion IPO in Europe’s Best Debut in Years
- Stock opens 24% higher in buyout firm’s long-delayed offering
- CVC raised €250 million in fresh capital through the IPO
The CVC Capital Partners offices in London.
Photographer: Jason Alden/BloombergCVC Capital Partners Plc shares soared after the company and its investors raised €2 billion ($2.15 billion) in an initial public offering, bringing the long-delayed listing process for one of Europe’s marquee private equity firms to a resolution.
At the open in Amsterdam, the stock jumped 24% from the IPO price of €14, the best performance for a $1 billion-plus offering on a European exchange in more than three years, according to data compiled by Bloomberg.