GrandVision lists on Euronext Amsterdam
Shares in GrandVision N.V., the global leader in optical retail, today began trading on Euronext’s Amsterdam market, after its successful Initial Public Offering (IPO). In total approximately €1 billion was raised by the company.
GrandVision (ticker code: GVNV) is the world’s largest optical retailer with the widest geographical reach and the biggest optical retail store network. The Company serves customers on the highstreet, in commercial shopping centers and online. It operates a portfolio of 33 leading optical retail banners with over 5,600 stores in 43 countries throughout Europe, Latin America, the Middle East and Asia. After opening, the first market price was €20.00 per share. The total market capitalization of the company at opening was over €5 billion.
Theo Kiesselbach, CEO of GrandVision, said, “We are very pleased to complete our IPO with today’s listing on Euronext. We have seen strong demand from investors who are attracted by GrandVision’s unique platform for future growth combined with strong cash flow generation. We have also been able to illustrate the passion and dedication of the many optical experts in the over 5,600 GrandVision stores as they provide high quality and affordable eye care to customers around the world. We would like to welcome our new shareholders and look forward to continuing our successful international growth story as a listed company in the years to come.”
Please find below the full and original version of the press release.