Com Hem prices IPO at SEK58
June 17, 2014 09.26 Europe/London By Julian Clover
Anders NilssonCom Hem has priced its initial public offering at SEK 58 (€6.45) per share.
Trading in the Swedish cablenet begins on the NASDAQ OMX Stockholm today, the fifth company to make its stock market debut on the bourse this year.
The price per share of SEK 58 gives Com Hem a market capitalisation of SEK 11,470 million.
Anders Nilsson, CEO of Com Hem said: “We are very pleased with the success of the IPO as it reflects the investor community’s confidence in our strategy and our ability to benefit from the investments made in our network, products and services. With the support of our new shareholders, we are in a strong position to move forward and to grow our business”
JP Morgan, Morgan Stanley and Nordea acted as joint global coordinators and joint bookrunners, Carnegie as joint bookrunner and Rothschild as financial advisor to the Company and the owners.