Hostelworld Group ISE/LSE IPO

Overview:

• Hostelworld Group has undertaken an IPO on the Irish and London stock exchanges.
• The 71.7 million shares were priced at 185p giving it a market capitilisation of £176.8 million.
• The company, which was owned by Hellman & Friedman, has 12,600 hostels in 170 countries.
• Hellman & Friedman had acquired the business in 2009 for €202.5 million and will own 19.8% of the shares after the listing.
• Numis Securities is acting as UK sponsor, global coordinator and joint bookrunner.
• J&E Davy is acting as Irish sponsor and joint bookrunner.

Sam Duke - Editor