for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Spain's eDreams Odigeo valued at $1.5 billion in IPO - source

LONDON, April 2 (Reuters) - Spanish travel firm eDreams Odigeo is expected to price its initial public offering (IPO) at 10.25 euros a share, a source familiar with the matter said on Wednesday, valuing the company at 1.075 billion euros ($1.5 billion).

The source said that orders were limited below 10.25 euros a share and orders below that price risked missing a deal. Another source told Reuters on Monday that eDreams Odigeo had narrowed its price range to 10-10.25 euros from an original range of 9.25-11.50 euros.

The company is selling 370 million euros of shares in one of Spain’s first corporate IPOs since 2011. Books are due to close at 1200 GMT. ($1 = 0.7249 Euros) (Reporting by Freya Berry)

Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.


Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up