Travel retailer Hudson Ltd., a subsidiary of Swiss travel retail company Dufry AG, said Feb. 1 that it priced an initial public offering of 39,417,765 class A common shares at $19 per share.
The shares will begin trading on the New York Stock Exchange on Feb. 1 under the ticker symbol HUD. The offering is expected to close Feb. 5, subject to the closing conditions.
The specialty retailer said Credit Suisse Group AG, Morgan Stanley and UBS Investment Bank Ltd. are serving as the lead book runners and representatives of the underwriters for the offering. Book runners also include BofA Merrill Lynch and Goldman Sachs & Co. LLC.
