Amadeus sets IPO price at Euro 11 per share, gears up for The Big Day

Share

Global distribution system and travel technology giant Amadeus will start trading on the public markets tomorrow (Thurs 29) after setting an opening price above the mid-point range.

Barring any unfortunate and unexpected last-minute problems, Amadeus shares will be thrown to the markets of Madrid, Valencia, Bilbao an Barcelona this week as planned.

Amadeus says it will give 119 million shares to the open markets, representing around 27% of the overall business and worth around Euro 1.32 billion.

The remaining shareholding allocations have also been published today:

• Amadelux Investments – 162,391,281 – 36.28%
• Société Air France – 71,221,373 – 15.91%
• Iberia Líneas Aéreas de España – 40,276,060 - 9.00%
• Lufthansa Commercial Holding – 35,610,691 – 7.96%
• Minorities – 17,800,633 – 3.98%
• Treasury stock – 597,250 – 0.13%
• Public – 119,684,662 – 26.74%

In the event over an over-allotment on shares, which is standard practice for any company heading for an IPO, public ownership will rise to 29.41% (Euro 1.45 billion).