Bravofly Rumbo Group, an online travel agency with headquarters in Switzerland and Italian management, which is present in 35 countries around the world with the Volagratis, Bravofly, Rumbo and Jetcost brands, anticipates the landing on the Zurich Stock Exchange by one day. The decision to place the shares earlier than originally planned appears to have been driven by the success of demand, both from Swiss and international investors.
Also anticipate the bookbuilding period, which will close one day in advance (April 14) and the date of the debut on the Six Swiss Exchange, set for April 15. The price range will be between 40 and 52 francs per share and the company will issue up to 5,77 million shares, of which 3,145 million will come from current shareholders and 2,625 million from a capital increase. The capitalization will therefore be between 600 and 750 million francs (between 493 and 616 million euros).
Founded in 2004 by Fabio Cannavale and Marco Corradino, Bravofly Rumbo Group is one of the European leaders in online booking services (travel, flights, hotels, cruises). Cannavale, an engineer graduated from the Milan Polytechnic and a former McKinsey and AtKearney man, is the co-founder of eDreams Italia and then entered the business by launching the volagratis.it website. Supported over the years by qualified investors such as Axa Private Equity and Micheli Associati, for a year Cannavale has found in Andrea Agnelli, president of Juve and director of Exor and Fiat, a partner interested in development.
Ubs, Credit Suisse, Morgan Stanley and Mediobanca will bring the group to the stock market.
