Travel retailer Hudson Ltd., a subsidiary of Swiss travel retail company Dufry AG, said Feb. 6 that it closed its previously announced initial public offering of 39,417,765 class A common shares at $19 per share on Feb. 5.
The company, which filed a registration statement for the IPO in November 2017, said its shares began trading on the New York Stock Exchange on Feb. 1, with the ticker symbol "HUD."
All of the class A common shares ion the offering were sold by Dufry International AG, a subsidiary of Dufry AG, and Hudson did not receive the proceeds from the offering. Dufry International AG provided the underwriters a 30-day option to buy up to an additional 5,912,664 class A common shares at the same price, less the underwriting discount.
The company appointed Credit Suisse, Morgan Stanley and UBS Investment Bank as lead book runners and as representatives of the underwriters, while BofA Merrill Lynch and Goldman Sachs & Co. LLC also served as book runners for the offering. It appointed Banco Santander, BBVA, BNP PARIBAS, Credit Agricole CIB, HSBC, Natixis, Raiffeisen Centrobank and UniCredit Capital Markets as co-managers for the offering.
