Odido delays Amsterdam stock market debut until autumn: FD

Telecoms company Odido will postpone its stock market listing until at least the autumn, the Financieele Dagblad reported on Friday, quoting company sources.

Odido had prepared for a summer debut and held talks with investors, but the owners now believe waiting will give the company time to reduce debt and boost profitability, the paper said. This would allow them to sell a larger stake without issuing many new shares.

Market turbulence caused by US president Donald Trump’s import tariffs had little effect on Odido, which operates only in the Netherlands. Shares in competitor KPN also remained stable, the FD said.

Odido, the country’s third-largest telecom provider, booked a 2% in revenue to €2.3 billion last year, with an adjusted ebitda of €726 million. Net losses reached €96 million due to interest payments.

Apax and Warburg Pincus bought Odido, then T-Mobile Nederland, in 2022 for €5.1 billion and a successful IPO could value the firm at €7 billion. They aim to raise €1 billion, Bloomberg reported earlier.

The Amsterdam exchange has seen few listings this year, with only Ferrari Group debuting so far. Unilever is expected to list its ice cream unit later in 2025.

Apax and Warburg Pincus declined to comment, the FD said.