{"id":35332,"date":"2025-02-18T10:14:31","date_gmt":"2025-02-18T09:14:31","guid":{"rendered":"https:\/\/www.alantra.com\/?post_type=ib-transaction&#038;p=35332"},"modified":"2025-02-18T10:14:34","modified_gmt":"2025-02-18T09:14:34","slug":"hbx-group-co-lead-manager","status":"publish","type":"ib-transaction","link":"https:\/\/www.alantra.com\/es\/ib-transaction\/hbx-group-co-lead-manager\/","title":{"rendered":"Alantra Acts as Co-Lead Manager for the IPO of HBX Group on Madrid Stock Exchange"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Madrid \u2013 <\/strong>Alantra has acted as Co-Lead Manager for the successful Initial Public Offering (\u201cIPO\u201d) and listing of HBX Group International plc (\u201cHBX Group\u201d or the \u201cCompany\u201d), the leading independent B2B travel marketplace, on the Spanish Stock Exchange. HBX Group began trading last Thursday. The pricing at \u20ac11.50 per share implies a market capitalization of approximately \u20ac2.84bn upon admission.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">HBX Group is a leading independent B2B travel technology marketplace that owns and operates Hotelbeds, Bedsonline and Roiback. The Group offers a network of interconnected travel tech products and services to partners such as Online Marketplaces, tour operators, travel advisors, airlines, loyalty programs, destinations and travel suppliers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The IPO consisted of a primary offering of 63mn new shares, raising approximately \u20ac725mn in gross proceeds for HBX Group. Additionally, 2mn existing shares were placed by the Selling Shareholders, contributing with \u20ac23mn to the total IPO size. The offering, oversubscribed multiple times across the price range, raised a total of c.\u20ac860mn including greenshoe, outlining strong demand from international and domestic institutional investors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Company intends to use the proceeds to settle deferred sale considerations, cover cash outflows linked to Admission, and finance debt refinancing, among other objectives.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.alantra.com\/team-member\/andre-pereira-ambrosio\/\" data-type=\"link\" data-id=\"https:\/\/www.alantra.com\/team-member\/andre-pereira-ambrosio\/\">Andr\u00e9 Pereira<\/a>, Partner and Head of ECM at Alantra Equities, said: \u201cWe are pleased to have supported HBX Group in this landmark transaction, which marks the first IPO in Spain this year. The strong reception from both local and international investors is a testament to the Group\u2019s exceptional work over the years and its compelling growth story.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This transaction underscores Alantra\u2019s momentum in advising on high-profile Equity Capital Markets transactions in Spain, having recently acted as Joint Bookrunner for <a href=\"https:\/\/www.alantra.com\/ib-transaction\/ohla-capital-increase\/\" data-type=\"link\" data-id=\"https:\/\/www.alantra.com\/ib-transaction\/ohla-capital-increase\/\">OHLA\u2019s Capital Increase<\/a> and <a href=\"https:\/\/www.alantra.com\/ib-transaction\/cox-joint-bookrunner\/\" data-type=\"link\" data-id=\"https:\/\/www.alantra.com\/ib-transaction\/cox-joint-bookrunner\/\">Cox\u2019s IPO<\/a> on Madrid Stock Exchange.<\/p>\n\n\n    <div class=\"button--block \">\n        <div class=\"button--block_box\">\n                                                                <a href=\"https:\/\/www.alantra.com\/what-we-do\/investment-banking\/transactions\/?ib-service=equity-capital-markets\" class=\"btn\" target=\"_blank\">View ECM <span class=\"btn__arrow\"><\/span><\/a>\n                                                                                <a href=\"https:\/\/www.alantra.com\/global-presence\/spain-investment-banking-2\/\" class=\"btn\" target=\"_blank\">View Spain <span class=\"btn__arrow\"><\/span><\/a>\n                                    <\/div>\n    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Madrid \u2013 Alantra has acted as Co-Lead Manager for the successful Initial Public Offering (\u201cIPO\u201d) and listing of HBX Group International plc (\u201cHBX Group\u201d or the \u201cCompany\u201d), the leading independent B2B travel marketplace, on the Spanish Stock Exchange. HBX Group began trading last Thursday. The pricing at \u20ac11.50 per share implies a market capitalization of [&hellip;]<\/p>\n","protected":false},"featured_media":35333,"parent":0,"template":"","meta":{"_acf_changed":false},"country":[8],"ib-service":[96],"sector":[56],"class_list":["post-35332","ib-transaction","type-ib-transaction","status-publish","has-post-thumbnail","hentry","country-spain","ib-service-equity-capital-markets","sector-technology"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/ib-transaction\/35332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/ib-transaction"}],"about":[{"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/types\/ib-transaction"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/media\/35333"}],"wp:attachment":[{"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/media?parent=35332"}],"wp:term":[{"taxonomy":"country","embeddable":true,"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/country?post=35332"},{"taxonomy":"ib-service","embeddable":true,"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/ib-service?post=35332"},{"taxonomy":"sector","embeddable":true,"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/sector?post=35332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}