Alimak names its price ahead of IPO
05 June 2015
Swedish access company Alimak has announced that the final price in its Initial Public Offering (IPO) is expected to be between SEK80 (€8.56) and SEK95 (€10.16) per share.
Alimak has also said that SEK95 will be the maximum that the general public will be asked to pay for a share.
Details of the offering are set out in the prospectus on the company’s website.
The price corresponds to a market capitalisation of the company between SEK3.6 billion and SEK 4.1 billion (€380 million and €438 million), with the total value of the IPO around SEK 2.2 billion to SEK 2.6 billion (€240 to €280 million).
The final offer price will be announced on 17 June, with trading likely to start the same day.
Alimak said that through the IPO, and the subsequent listing on Nasdaq Stockholm, it expects to benefit from a broader shareholder base and access to the Swedish and international capital markets.
