Key Takeaways
- • CVC Capital Partners plc listed on Euronext Amsterdam under ticker CVC on 26 April 2024, raising €250 million in its initial public offering.
- • The IPO set a share price of €14, giving CVC a market capitalisation of €14 billion on listing day, with the offer size increased to €2.0 billion according to Euronext.
- • The listing was Euronext's 12th of 2024 and its 4th international listing of the year, and Euronext described it as the largest IPO in Europe to date in 2024.
- • CVC manages approximately €186 billion in assets under management across seven strategies in private equity, secondaries, credit and infrastructure.
Summary
CVC Capital Partners plc, a global private markets investment firm, began trading on Euronext Amsterdam on 26 April 2024 under the ticker CVC, according to a Euronext press release. The initial public offering raised €250 million, with the admission and issue price set at €14 per share. Market capitalisation stood at €14 billion on the day of listing, and the offer size was increased to €2.0 billion, per Euronext.
Euronext characterised the listing as the 12th on its exchange in 2024 and the 4th international listing on Euronext this year, adding that it was the largest IPO in Europe to date in 2024. The exchange said the listing further strengthened its position in cross-border listings in Europe.
CVC described itself as a global leader in private markets with more than 40 years of history creating sustainable value. The firm has approximately €186 billion in assets under management across seven complementary investment strategies in private equity, secondaries, credit and infrastructure. According to Euronext, the IPO provides CVC with a long-term institutional structure to support its growth ambitions, and public market access is expected to raise the group's profile with existing and prospective clients.
Euronext characterised the listing as the 12th on its exchange in 2024 and the 4th international listing on Euronext this year, adding that it was the largest IPO in Europe to date in 2024. The exchange said the listing further strengthened its position in cross-border listings in Europe.
CVC described itself as a global leader in private markets with more than 40 years of history creating sustainable value. The firm has approximately €186 billion in assets under management across seven complementary investment strategies in private equity, secondaries, credit and infrastructure. According to Euronext, the IPO provides CVC with a long-term institutional structure to support its growth ambitions, and public market access is expected to raise the group's profile with existing and prospective clients.
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