Ignis and HIP accelerate to launch their stock market exits
The hotel giant controlled by Blackstone and the renewable energy group plan to announce their intention to go public next week.
Hotel Investment Partners (HIP) and renewable energy group Ignis are set to announce their intention to float on the Spanish stock market next week. HIP, controlled by Blackstone and GIC, aims to raise around 700 million euros to fund hotel purchases in the Mediterranean, with a potential valuation of 6,000 million euros. Ignis, valued at 1,000-1,500 million euros, plans to raise up to 600 million euros to develop its energy and data centre connection management strategy.
Both companies aim to start trading in the second half of October, subject to investor appetite and market conditions.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
