Hudson Ltd. announced on Feb. 1, the pricing of its initial public offering of 39,417,765 Class A common shares at a public offering price of $19.00 per share. The shares are expected to begin trading on the New York Stock Exchange on Feb. 1, under the ticker symbol "HUD." All of the Class A common shares will be sold by Dufry International AG, a wholly-owned subsidiary of Dufry AG, and Hudson Group will not receive any proceeds from the offering. Dufry International AG has granted the underwriters a 30-day option to purchase up to an additional 5,912,664 Class A common shares at the initial offering price, less the underwriting discount.
The closing of the offering is expected to occur on February 5, 2018, subject to the satisfaction of customary closing conditions.
Credit Suisse, Morgan Stanley and UBS Investment Bank are serving as lead bookrunners and as representatives of the underwriters for the offering. BofA Merrill Lynch and Goldman Sachs & Co. LLC are also serving as bookrunners for the offering. Banco Santander, BBVA, BNP PARIBAS, Credit Agricole CIB, HSBC, Natixis, Raiffeisen Centrobank and UniCredit Capital Markets are serving as co-managers for the offering.
