Corrected: Odido shelves IPO plans because of muted investor response and volatility, sources say

Koninklijke KPN NV

09/02/2026 16:14

(Restores dropped first paragraph)
    By Charlie Conchie
       LONDON, Feb 9 - Dutch telecoms company Odido has
postponed plans for an initial public offering in Amsterdam
after a muted response from investors and concerns over the
volatility shaking global equity markets, said two sources close
to the matter. 
    The mobile operator owned by private equity groups Apax
Partners and Warburg Pincus was set to launch a potential 1
billion euro ($1.19 billion) IPO as soon as late January but has
now paused the plans with no firm timeline on when the offering
might be revived, the sources said, asking to remain anonymous
because the information was not public. 
    Early meetings drew a subdued response from investors, who
pointed to the relative value offered by Odido rival KPN
 KPN.AS  on the Amsterdam market, they said. 
    A selloff in global tech stocks and market volatility
triggered by U.S. President Donald Trump’s calls for U.S.
control over Greenland were also among reasons for delaying the
IPO, a third person said. 
    Apax Partners, Warburg Pincus and Odido declined to comment.
    Formerly known as T-Mobile Netherlands, Odido is the
country’s largest mobile phone company with about eight million
customers. Apax and Warburg Pincus bought the company in 2021 at
an enterprise valuation of 5.1 billion euros. 
    Odido's decision highlights broader sensitivity to current
market conditions. Norwegian software company Visma also pushed
back a potential London IPO because of a rout in software
stocks, two sources close to the matter told Reuters. 
    Visma declined to comment.
    ($1 = 0.8406 euros)

 (Reporting by Charlie Conchie in London Editing by Anousha
Sakoui and David Goodman)
 ((charlie.conchie@thomsonreuters.com))