Hudson, which operates airport concessions and duty-free stores across North America, filed on Tuesday with the SEC to raise up to $100 million (100% insider) in an initial public offering, although this is likely a placeholder value.
The Middlesex, United Kingdom-based company was founded in 1987 and booked $1.8 billion in sales for the 12 months ended September 30, 2017. It plans to list on the NYSE under the symbol HUD. Hudson Group filed confidentially on August 28, 2017. Credit Suisse, Morgan Stanley and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.
