Amadeus IT Holding is expected to release its initial public offering on the Spanish stock exchange on April 29
Amadeus aims to raise €1.36bn from IPO
Amadeus IT Holdings is expected to release its initial public offering on the Spanish stock exchange on April 29.
With the primary share issue the plan is to raise €910m to repay debt followed by a second issue and sale of other shares to raise a total of €1.36bn from shares priced from €9.20 to €12.20.
President and chief executive David Jones said: “The IPO represents an important and exciting milestone for Amadeus and will enhance our ability to invest in the business and drive competitive advantage.
“Amadeus is a diverse, robust and resilient travel transaction processing and technology solutions business, and we are the clear global leader in our marketplace.
“We have a track record of delivering profitable growth and have a sound strategy to continue our development into the future.”
The company has also appointed four board directors;
– Guillermo de la Dehesa Romero, former Spanish finance secretary
– Dame Clara Furse, former chief executive of the London Stock Exchange
– Bernard Bourigeaud, economic expert
– David Webster, chairman of InterContinental Hotels Group
Rival Travelport pulled a £1.2bn IPO in February, but has said it may revive the plans when market conditions improve.
