DUFRY - A Retail IPO With Nothing To Fear From Amazon
Hudson (HUD) operates stores in airports and a few other tourist hubs. Their brands include Hudson News, Hudson Booksellers, Nuance, and World Duty Free.
Hudson will IPO from its current parent, Dufry (DUFN.VX; DUFRY; DFRYF), on February 1, 2018. The company is expected to offer 39.4 to 45.3 million shares at a price of $19 to $21 per share. The IPO will raise ~ $950 million. Proceeds from the IPO will go to Dufry. After the IPO, Dufry will own ~54 to 57% of Hudson but