Spanish fintech Allfunds is targeting a valuation of over 7 billion euros ($8.31 billion) from a planned Amsterdam initial public offering, according to a source familiar with the transaction.

The company launched its bid to list on Euronext Amsterdam earlier on Wednesday, saying it is targeting to list 25% of its shares on the Dutch bourse, with private-equity owner Hellman & Friedman selling the shares.

Reuters reported last month that the Madrid-based fund-distribution firm would launch the IPO after the Easter break with a targeted valuation of 7-8 billion euros, citing sources close to the matter.


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Source: Reuters

Reporting by Abhinav Ramnarayan, editing by Joice Alves