GrandVision Euronext Amsterdam IPO

Overview:

• GrandVision has undertaken an IPO on Euronext Amsterdam.
• The offering was priced at €20 per share and raised €1.02 billion.
• The deal values the company at around €5 billion.
• Majority shareholder HAL Optical Investments sold 51 million shares as part of the deal.
• ABN AMRO and JPMorgan acted as joint global coordinators. ABN AMRO, JPMorgan, Barclays, BNP Paribas and HSBC acted as joint bookrunners.
• ING and Rabobank acted as joint lead managers. Crédit Agricole, Kepler Cheuvreux and Kempen & Co acted as co-lead managers. 
• GrandVision owns 33 chains of opticians stores including Apollo-Optik in Germany, Pearle and Eye Wish Opticiens in the Netherlands, Generale d’Optique in France and Vision Express in the UK.

Rani Mehta - Journalist