MADRID (Reuters) – Hotelbeds owner HBX Group set the indicative share price for its initial public offering at 11.50 euros ($11.93) per share, the Spanish travel technology company said on Friday in a filing to market supervisor CNMV.
HBX Group said last week it intended to raise 725 million euros from the IPO, which is set to be the largest listing in Europe so far this year.
The indicative price is at mid-point of a previously set range between 10.50 and 12.50 euros.
The final price will be set after the bookbuilding period, which is scheduled to close on February 10.
The company would be valued at between 2.66 billion euros and 3.03 billion euros after the IPO, according to Reuters calculations based on the IPO prospectus.
HBX expects to start trading on the Spanish stock market on February 13.
($1 = 0.9643 euros)
(Reporting by Emma Pinedo, editing by Inti Landauro and Emelia Sithole-Matarise)
