Global buyout firm CVC Capital Partners is set to kick off a planned Amsterdam share sale on 15 April, targeting a valuation of up to $16bn in the latest sign of a pickup in initial public offerings.

CVC is looking for a valuation of about €13bn to €15bn billion, people familiar with the matter said, or the equivalent of $13.8bn to $16bn. It aims to raise more than €1bn by selling stock from existing shareholders and issuing new shares, assuming the offering is launched as planned, some of the people said.