06/02/2018
Dufry AG Announces Closing of Hudson Ltd.'s Initial Public Offering
Dufry AG (Dufry) announced today that its wholly-owned subsidiary, Hudson Ltd. (“Hudson Group”), has closed its previously announced initial public offering (IPO) of 39,417,765 Class A common shares at a public offering price of $19.00 per share on February 5, 2018. The shares began trading on the New York Stock Exchange on February 1, 2018, under the ticker symbol "HUD." All of the Class A common shares were sold by Dufry International AG, a wholly-owned subsidiary of Dufry, and Hudson Group did 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.