Hotel Beds officially presented to the CNMV his brochure with which his Ipart is started. The company expects to receive up to 750 million euros in its OPV with a price range per share that will range between 10.5 and 12.5 euros per share. In fact, it is planned to be on February 13 when it starts with its jump to the parquet that would imply a Maximum valuation of 3,000 million euros with the highest price and taking into account the envelope that they consider from the company.
The season of departures with pulse after the statement of Hotel Beds, which will be the first large stock market premiere of the year. As the company’s owner holding company, HBX, chooses the Spanish stock market for the company’s debut, linked to technological support linked to the tourism industry. In this way, the brochure includes a public offer of sale of 725 million euros and a subscription of subsequent shares that would amount to 25 million euros.
The fork that the company collects in its document presented to the CNMV implies making an assessment of between 2,600 and 3,030 million euros for the total of its capital. That is, they are figures that value the total company (total capital) to an inferior assess They quote their main comparable with history already on the parquet. In fact, once its net financial debt to the assessment, the remaining stock capitalization would imply that the company would imply I would leave with discount to the top both in the upper part and the lower part of the range.
Regarding the distribution of the shareholders, Cinven would go from controlling 37.6% of the shareholders at a 28.5% assuming that the option of overwhelming is not exercised (27% in the event that yes). The percentages would be the same for CPPIB, the Canadian pension fund. The rest of the shareholders would also reduce their participation in favor of the public sales offer, so that the floating capital would be between 30% and 34%.
Once the brochure has been presented with the CNMV, the company opens the official period of Bookbuildingin which HBX Group will approach investors to start probing the market and negotiate the first prices. This process would close on February 10 if everything follows its course. For that date, the insurance process is planned and three days later, on February thirteenth, its start of price and stabilization period and over -assignment in the event that the plates consider it appropriate.
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