GDS and technology giant Amadeus is marching headfirst toward a massive public offering of the business after appointing a number of major US banks to coordinate the process.
Dow Jones [closed network] says today that the Madrid-headquartered has hired Goldman Sachs, JP Morgan Chase and Morgan Stanley to run the affairs of the IPO in the run up to a public listing.
Amadeus is refusing to comment on any aspect of an IPO of the company but sources within the organisation have reiterated that a listing would probably be located in Madrid, Spain.
A widely speculated valuation of around Euro 8 billion for the company is said to be “accurate”, a figure close to the situation told Tnooz today.
The IPO is said to be for around a 30% stake in the businuess and would be the largest global private equity offering for a number of years.
Amadeus is currently run by PE firms BC Partners and the Cinven Group. The pair took the company private five years ago.
[...] Amadeus moving closer to IPO, Madrid likely location for listing [...]