HBX Group International €751 million IPO
HBX Group’s ordinary shares are listed on the Spanish Stock Exchanges
Davis Polk advised the joint global coordinators and representatives of the several underwriters in connection with the €751 million Rule 144A / Regulation S initial public offering of ordinary shares of HBX Group International plc, which includes proceeds from the exercise of the over-allotment option, and its listing on the Spanish Stock Exchanges.
The global offering, which comprised an offering to institutional investors within and outside of Spain, is one of the first IPOs in the euro zone this year and the largest so far.
HBX Group is a leading independent B2B travel technology marketplace that owns and operates Hotelbeds, Bedsonline and Roiback. HBX Group is present in 170 countries and employs more than 3,600 people around the globe.
The Davis Polk capital markets team included partners Michael J. Willisch and Simon Witty, counsel Ester del Valle Izquierdo and associates Jose Lucena-Rebollo and Vivek Thanki. The tax team included partner Dominic Foulkes, counsel Alon Gurfinkel and associates Kelli A. Rivers, Patrick O’Donovan and Valentin Van de Walle. Members of the Davis Polk team are based in the Madrid and London offices.