BNP Paribas Securities Services handled the securities mechanisms of the eDreams initial public offering (IPO) on the Madrid, Barcelona, Bilbao and Valencia stock markets, which took place on April 8.

The firm undertook the structuring and centralisation aspects of the IPO. This includes the structuring, management and administration services related to the new securities issued; post-operation services, notably the securities and financial services of the newly listed company; and the circulation of securities between Luxembourg (the company’s registered office) and the Spanish market.

“We chose BNP Paribas Securities Services for its ability to provide us with a service in different markets from a single entry point within the bank. The operation was technically highly complex and we are very satisfied with the choice we made,” said David Elizaga, chief financial officer at eDreams.

BNP Paribas Securities Services was selected for its numerous references in terms of initial public offerings in Europe over the last six months as well as its ability to offer global and customised solutions notably in the different markets where the company operates (Spain, France and Luxembourg).

eDreams IPO constitutes the largest fund raising operation in the online travel sector in Europe. It is also the leading listed e-commerce company in Spain. 

“This new operation... strengthens our positioning in the Spanish market. It is a great example of our strategy to provide our clients with multi-market solutions,” said Alvaro Camuñas, head of BNP Paribas Securities Services for Spain, Portugal and Latin America.