HBX Group, a travel tech firm, debuted on Spanish stock exchanges with a market value of about €2.84 billion.

HBX Group, a B2B travel tech firm, began trading on Spanish stock exchanges today under the ticker "HBX," with a market value of about €2.84 billion. The initial public offering (IPO) raised €748 million, with a potential 15% over-allotment to reach €860 million. Key shareholders include Cinven and CPPIB, each holding 28%. HBX, established in 2002, operates in 170 countries and aims to expand its services through advanced technology and partnerships.

6 weeks ago
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