The financial markets look with great interest to the GrandVision IPO. The company just published an extended press release with lots of information and the final confirmation that the IPO of about 20 to 25% of the shares will take place within a few weeks at the Amsterdam Stock Exchange. The press release gives quite some information about the current developments at one of the major optical companies worldwide. Including some recent acquisitions in Italy and the UK, GrandVision now has more than 5.600 stores divided over 33 banners with a total of more than 25.500 employees. Sales in the first nine months of this year increased with 6% to more than 2 billion euro. Europe, including the Netherlands and Belgium, is by far the largest market in with 65% of all sales. Europe also shows the most growth, partly due to acquisitions. Based on market developments, the ageing in Europe and its worldwide presence, GrandVision expects to continue growth in the years ahead and assures investors that it will remain the main shareholder of the company. Tomorrow more about GrandVision and the planned IPO.
