Com Hem has announced an offer price of SEK 58 per share in its initial public offering (“IPO” or “the Offering”) of newly issued shares. Admission to trading and listing on the NASDAQ OMX Stockholm will take place today, (June 17, 2014). The Offering was over-subscribed several times and attracted strong interest among Swedish and international institutional investors as well as Swedish retail investors.
The price per share of SEK 58 gives Com Hem a market capitalisation of SEK 11,470 million, before exercise of the over-allotment option.
“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,” says Anders Nilsson, CEO of Com Hem. “With the support of our new shareholders, we are in a strong position to move forward and to grow our business.”