eDreams ODIGEO €411m Initial Public Offering, Spain


STJ Advisors acted as independent advisor to eDreams ODIGEO and its shareholders (Permira, Ardian and management) on the Initial Public Offering of the Company, the global leader in the online leisure flight sector. This represented the largest IPO to be listed on the Spanish stock exchange for three years. The offering raised Eur411mn including a Eur50mn primary component. The IPO was priced at a premium to its main comparable Expedia and was multiple times oversubscribed despite weaker markets due mainly to the tech sector 'malaise' during the bookbuilding period.

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