Shares of CVC Capital Partners are trading at above €17, according to a report by the Financial Times, with the Luxembourg-based private equity firm having completed its listing on the Euronext Amsterdam at an offer price of €14 per share.
CVC’s initial offer price equates to a market capitalisation of €14bn. Through its IPO, the firm raised €250m in fresh capital, having issued 17.8m new shares.
CVC’s listing, the fourth international listing on Euronext in 2024, is also the largest so far this year in Europe.
According to a press release, the IPO “provides CVC with a long-term institutional structure to support its growth ambitions and evolution. Access to the public capital markets supports the firm’s long-term growth and increases the group’s profile with existing and prospective clients”.
CVC, which is now trading under the ticker code CVC, has approximately €186bn in AUM across seven investment strategies in private equity, secondaries, credit and infrastructure.
