Euronext boss Stéphane Boujnah said the long-awaited trading debut of private equity group CVC Capital Partners shows that Europe's initial public offering market is back on track.
Shares of Amsterdam-listed CVC, one of Europe's largest buyout companies, jumped around 23% on Friday morning. CVC, which expects to raise between 2 billion euros and 2.3 billion euros from the deal, said the IPO was oversubscribed multiple times and increased to accommodate robust demand from institutional investors, Reuters
Boujnah said the Euronext platform, the largest stock exchange in Europe and one of the largest in the world, had welcomed 11 stock listings since the beginning of the year.
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