Buyout firm CVC Capital Partners is planning a £12bn IPO

CVC Capital Partners, previously valued at £12bn, is preparing to announce its intention to go public in the coming days

CVC Capital Partners is moving forward with its IPO plans despite subdued demand and increased volatility in the stock market.

The Luxembourg-based private equity firm, previously valued at £12 billion, is preparing to announce its intention to go public in the coming days.

CVC shares could reportedly begin trading in Amsterdam as early as November.

An IPO would be one of the largest in Europe this year, which has so far been a quiet 12 months for stock market listings.

But public markets have been subdued this year. The latest data from EY shows that volumes fell 5 percent in the first nine months of 2023, while revenues fell 32 percent.

Several of CVC’s competitors have gone public in recent years.

Bridgepoint was the first buyout company to list in the UK in decades, but its share price has plunged 60 percent since its London IPO in 2021.

CVC declined to comment.