Spanish Travel Tech Firm HBX Suffers Brutal Market Debut, Loses $263 Million in Value
2025-02-13
Reuters
Spanish travel technology company HBX Group's market debut was marred by a significant decline in share prices, wiping out 236 million euros of its market value on Thursday. This drastic drop has raised concerns among investors and industry experts, sparking a discussion about the company's future prospects in the competitive travel technology sector, including online travel agencies and travel management solutions. The slump has also highlighted the challenges faced by newly listed companies in the tech industry, particularly those specializing in travel technology and digital transformation.
