Exclusive Networks IPO Set to Raise Up to $492 Million in Paris
- Deal adds to a string of listings reviving French IPO market
- Holders including Permira are looking to raise $156 million
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Exclusive Networks and its holders are seeking up to 416 million euros ($492 million) in an initial public offering on Euronext Paris, boosting the French listings market after a dismal two years.
The company is selling new shares worth 260 million euros, while the remainder will come from existing holders including private equity firm Permira Holdings, an entity controlled by ex-Chief Executive Officer Olivier Breittmaye, employees and management, according to a statement Tuesday. The offering values Exclusive Networks at as much as 2.1 billion euros.