CVC Capital Partners plans a €1.6bn IPO in Amsterdam with a $16bn valuation, offering 114 million shares.

CVC Capital Partners plans to raise €1.6bn ($1.7bn) in an IPO in Amsterdam, seeking a valuation of up to $16bn. The buyout firm and investors will offer 114 million shares priced between €13-€15 each. CVC is issuing 18 million new shares, while existing investors will sell 96 million shares, with demand surpassing the full deal size within minutes of the IPO book opening.