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PE firm CVC Capital pushes back stock market debut plans- FT

·1-min read

(Reuters) -Europe's biggest private equity firm CVC Capital Partners has pushed back its stock market listing plans, the Financial Times reported https://on.ft.com/3L2DlgX on Tuesday.

The buyout group has told analysts it expects its initial public offering to take place this autumn or early in 2023, the report said, citing two people with knowledge of the matter.

The private equity firm is planning to float just 10% of its business, the newspaper reported one of the sources as saying.

"No decision on an IPO has been made," CVC told Reuters when asked for comment.

CVC's stock market listing could value it at more than 20 billion euros ($21.1 billion), with Goldman Sachs, JPMorgan and Morgan Stanley working as advisers, Reuters had reported in January.

FT had earlier reported that the company is planning to list on Amsterdam's Euronext exchange, forgoing London.

($1 = 0.9495 euros)

(Reporting by Anirudh Saligrama and Juby Babu in Bengaluru; Editing by Chris Reese and Stephen Coates)

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