News / IPO will pave the acquisition trail as Waberer's eyes major growth in Europe

Hungarian full-truckload haulier Waberer’s International today launched an initial public offering (IPO) on the Budapest stock exchange.

In what is understood to be one of the largest IPOs in Hungary’s financial history, Waberer’s is looking to raise around €197m through the sale of some 11.7m shares, some of which is destined to be privately placed with institutional investors and the remainder publicly traded.

Around €152m will go to investment fund Mid Europa Partners, which owns some 97% of the stock, with the balance ...