CVC Rises After €2 Billion IPO in Europe’s Best Debut in Years

Economy

CVC Capital Partners Plc shares soared after the company and its investors raised €2 billion ($2.15 billion) in an initial public offering, bringing the long-delayed listing process for one of Europe’s marquee private equity firms to a resolution.

At the open in Amsterdam, the stock jumped 24% from the IPO price of €14, the best performance for a $1 billion-plus offering on a European exchange in more than three years, according to data compiled by Bloomberg.

Source: BLOOMBERG

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