HBX Group’s €5B IPO: A Distribution Giant Might Go Public

Speaking of distribution… HBX Group—formerly Hotelbeds (the giant that swallowed up major wholesalers like GTA, Tourico, Bedsonline, and ROIBACK)—is planning a €5 billion IPO on the Spanish stock exchange. That’s a whole lot of commissions and parity violations.😉 The listing is set for mid-February, so by the time this newsletter hits inboxes, it might already be public.