Travel group HBX’s shares sink after IPO

Quick Summary:

One person advising private equity businesses said in response to the HBX IPO that the market was “not exactly providing much encouragement as an exit channel at the moment”.

The offering was priced in the middle of the marketed range but the shares had dropped 8.6 per cent to €10.40 by mid-morning.

The initial public offering for HBX — best known for its Hotelbeds brand — marked a partial exit for existing shareholders including buyout groups Cinven and EQT and the Canada Pension Plan Investment Board.

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Article Details

Author / Journalist: Ivan Levingston

Category: MarketsFinanceInvesting

Markets: United StatesCanada

Topics: Year Last Private Equity Priced Market Stock Cent Financial Group Shares

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 11:35:10 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 617 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 26116776

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Official Website: ft.com

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News Last Updated: 12 hours ago

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