Car‑glass specialist Belron is weighing an Amsterdam IPO that could fetch a valuation north of €30bn. Majority owner D’Ieteren Group and private‑equity partner Clayton Dubilier & Rice explored a New York listing before settling on the Dutch venue, sources say recently. CEO Carlos Brito, former AB InBev chief, would steer the flotation.

Belron, which runs Autoglass in the UK, Carglass across Europe and Safelite in the United States, has been courting banks but has not named underwriters yet. Analysts note the deal could revive a European IPO market that has lagged behind the United States, where tech mega‑listings dominate this year.

The company posted €1.26bn of operating profit for 2025, a 10% rise, and last year posted a valuation of €32bn including €8bn of debt. CD&R holds a 20.4% stake, while D’Ieteren retains 50.3% and is unlikely to divest the majority. Management and former chief Gary Lubner own roughly 9.6%.

If the Amsterdam float proceeds, investors would price the world’s largest windscreen repair group at up to €40bn, potentially setting a significant benchmark for future European listings in the automotive services sector.