LuxCSD supports IPO and new issue


LuxCSD is acting as the Issuer Central Securities Depository (Issuer CSD) for two major Luxembourg-based companies. Brederode, an investment company, is valued at more than EUR 800 mn and eDreams ODIGEO, a global online travel company with key brands such as Opodo and GoVoyages, had an IPO value of EUR 1 bn.

Dematerialised issuance of equity shares

Brederode issued new dematerialised shares through LuxCSD following its successful cross-border merger with Acturus. The primary listing is on Bourse de Luxembourg and a secondary listing is on Euronext Brussels. eDreams ODIGEO successfully performed its initial public offering (IPO) of EUR 1 bn on 4 April 2014 with a dematerialised issuance through LuxCSD and listings on the Madrid, Barcelona, Bilbao and Valencia stock exchanges.

Gateway for issuers under T2S

This IPO structure with a company domiciled in one country and listing in another is becoming increasingly popular and perfectly demonstrates LuxCSD’s flexible solutions to best serve global issuers. It is a precursor of what could become common practice in a TARGET2-Securities environment: pick and choose a domicile which meets the corporate objectives of a company with a trading venue tailored to its target shareholders.