eDreams ODIGEO, a leading online travel company, today announces that the final offer price in its Initial Public Offering (the “IPO” or the “Offering”) is €10.25 per offer share. The commencement of trading on the Madrid, Barcelona, Bilbao and Valencia stock exchanges is expected to take place on April 8, 2014 under the symbol “EDR”.
Javier Pérez-Tenessa de Block, Chairman and CEO of eDreams ODIGEO, said:
“Today’s announcement marks an important milestone and we are delighted that our initial public offering has been so well received by investors. During the past weeks we have received very positive feedback from investors, who recognise the strength of our business and the opportunities for future growth. In just 14 years our company has evolved from a small two-person start-up to become the world’s largest online travel company in the flight sector. With the backing of the Permira and Ardian funds, the company has also become the largest publicly traded European e-commerce company by profits. Our competitive prices, ease of use of our websites and preferred consumer brands eDreams, Opodo, Liligo, GoVoyages and Travellink attract 14 million customers to trust us for their travels every year. Becoming a listed company is the beginning of the next stage in our development. I would like to thank the management team and my colleagues who have helped create a foundation for our success. We will now focus on continuing to deliver great value for our customers, employees and shareholders.”
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