CVC Capital Partners, a Luxembourg-based private equity group, launched on the Amsterdam stock exchange on Friday in what is the biggest IPO on the Dutch exchange in years.

The company says it was able to in “significantly increase the offer size” to €2 billion because of the strength of demand. The first shares were traded at €17.14, up 22% on the introductory price of €14.

CVC, founded over 40 years ago, has €186 billion in assets under management and invests in companies, debt and infrastructure.

CVC currently owns 120 companies around the world, including former DSM subsidiary AnQore and trust company TMF in the Netherlands. It has also recently bought stakes in big brands such as Lipton Teas and the Swiss watchmaker Breitling, and has an interest in the media rights for La Liga, Spain’s top football league.