EQT gains as much as 26.87% in market debut

Tuesday, 24. September 2019 09:30

Buyout firm EQT AB was listed on Nasdaq Stockholm on Tuesday with a rally of 20.15% to 80.5 Swedish kronor per share at the open. The level compares to the final pricing of 67 kronor per share in the initial public offering, which it said was more than ten times oversubscribed. The jump went to as high as 26.63% to 85 kronor, registered at 9:29 am CET, against the earlier range for the equity sale of 62 to 68 kronor per share.

The company was looking at a valuation of as much as 64.5 billion kronor or €6.03 billion if the full greenshoe option is exercised by stockholders. The early high took implies €7.56 billion. Investor AB is the biggest shareholder.

The private equity group is in talks to participate in the purchase of Nestle Skin Health.

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