By Charlie Conchie LONDON, Feb 9 (Reuters) - Dutch telecoms company Odido has postponed plans for an initial public offering in Amsterdam after a muted response from investors and concerns over the
Odido Delays IPO Plans Amid Investor Hesitation and Market Volatility
Odido's IPO Postponement
By Charlie Conchie
Investor Response
LONDON, Feb 9 (Reuters) - Dutch telecoms company Odido has postponed plans for an initial public offering in Amsterdam after a muted response from investors and concerns over the volatility shaking global equity markets, said two sources close to the matter. The mobile operator owned by private equity groups Apax Partners and Warburg Pincus was set to launch a potential 1 billion euro ($1.19 billion) IPO as soon as late January but has now paused the plans with no firm timeline on when the offering might be revived, the sources said, asking to remain anonymous because the information was not public. Early meetings drew a subdued response from investors, who pointed to the relative value offered by Odido rival KPN on the Amsterdam market, they said. A selloff in global tech stocks and market volatility triggered by U.S. President Donald Trump’s calls for U.S. control over Greenland were also among reasons for delaying the IPO, a third person said. Apax Partners, Warburg Pincus and Odido declined to comment. Formerly known as T-Mobile Netherlands, Odido is the country’s largest mobile phone company with about eight million customers. Apax and Warburg Pincus bought the company in 2021 at an enterprise valuation of 5.1 billion euros. Odido's decision highlights broader sensitivity to current market conditions. Norwegian software company Visma also pushed back a potential London IPO because of a rout in software stocks, two sources close to the matter told Reuters. Visma declined to comment.($1 = 0.8406 euros)
Market Volatility
(Reporting by Charlie Conchie in London Editing by Anousha Sakoui and David Goodman)
