Apax and Warburg Seek Over €1 Billion for Odido IPO
Apax Partners and Warburg Pincus are gearing up for a major IPO of Odido, aiming to raise over €1 billion in the process
Odido, Amsterdam, Apax Partners, Warburg Pincus, IPO, T-Mobile Netherlands
Amsterdam: So, here’s the scoop. Apax Partners and Warburg Pincus are getting ready to launch an IPO for Odido, the Dutch telecom company. They’re looking to pull in over €1 billion, which is pretty impressive.
They’ve brought in some big names to help with this. Barclays, Goldman Sachs, and Morgan Stanley are leading the charge. It’s still early days, but they’re hoping to get this rolling in the first half of the year.
Now, the buzz is that the IPO will likely happen in Amsterdam. Some folks think Odido could be valued at around €7 billion. That’s a hefty price tag!
But remember, things can change. The plans are still being worked out, and no one’s spilling the beans just yet. Apax and Warburg aren’t saying much either.
Just a bit of background: they bought T-Mobile Netherlands back in 2021 for €5.1 billion. After rebranding it to Odido in 2022, they’ve been busy expanding services to millions of households.
With the market looking a bit stronger lately, it seems like a good time for private equity firms to go public. Other companies are also eyeing IPOs this year, so it’ll be interesting to see how it all plays out.
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