Investing.com -- Spanish travel technology firm HBX Group, known for its brand Hotelbeds, is reportedly preparing to launch an initial public offering (IPO) worth 1 billion euros ($1.04 billion) in the upcoming weeks, according to Reuters
The company, owned by private equity, has been planning this IPO for over a year. Recently, it has been gauging investor interest and could announce its intention to go public as early as next week, assuming the investor response is favorable, said one of the sources.
The sources, who asked not to be identified due to the private nature of the discussions, also revealed that HBX Group and its shareholders have been contemplating a listing on the Madrid exchange. The shareholders of the company include private equity firms Cinven and EQT (ST:EQTAB), alongside Canadian pension plan CPP Investments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.