On Tuesday 24 September, EQT AB (publ) (“EQT”) announced the successful completion of its initial public offering (the “IPO”) with trading on Stockholm Nasdaq. The IPO offering consisted of the sale of 201 million shares, of which approximately 87 million were newly issued and 114 million were sold by existing shareholders. The price in the IPO was set to SEK 67 per share, corresponding to a market value of SEK 63.8 billion after the transaction. The newly issued shares will provide EQT with gross proceeds of SEK 5.8 billion before issue costs, and enable the company to invest in its business and pursue growth opportunities in order to remain at the forefront of global private market investing.
The IPO attracted strong interest among quality domestic and international institutions as well as from the general public, being more than 10 times over-subscribed. The offering represented approximately 21.1 percent of the shares in EQT after the offering. Following the flotation, EQT will have more than 40,000 shareholders.
ABG Sundal Collier was the sole independent Nordic advisor in the nine-bank syndicate

Published: 1 Oct, 2019