EQT's listing implies at least €5.97B in valuation

Tuesday, 24. September 2019 08:59

The final price in the initial public offering landed at 67 Swedish kronor or €6.27 per share, EQT AB said on Tuesday. The private equity firm's update compares to the range of 62 to 68 kronor and values it at 63.8 billion kronor or €5.97 billion. It issued 86.6 million shares and 104 million are being sold by owners, which means it is raising 12.8 billion kronor. The sum grows to 13.5 billion if the overallotment option is exercised in full.

The affiliate of Investor AB's EQT Partners AB is scheduled to start trading on Nasdaq Stockholm under ticker EQT. Investor said its stake would drop to 18.5% from 23% and expressed determination to stay on in the long run. It added its proceeds would come in at 1.6 billion kronor. The Wallenberg family's entity revealed it may sell 2.5 million shares more at the said price.

The IPO was more than ten times oversubscribed.

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