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Com Hem sets IPO price at SEK 58/share, raises SEK 5.67 bln

2014-06-17 11:51:00| Telecompaper Headlines

(Telecompaper) Swedish cable operator Com Hem said it set a final price of SEK 58 per share in its IPO, with trading starting on the Nasdaq OMX Stockholm exchange on 17 June. This compares with a price range of SEK 44-62. The price values Com Hem at SEK 11.470 billion, assuming the overallotment option is not taken up. Com Hem offered 97,754,179 new shares, providing the company with SEK 5.670 billion in gross liquidity without the overallotment option, which is up to 9,775,418, valid for 30 days. Using this option in full would provide Com Hem with another SEK 567 million in gross liqiudity.

Tags: price sets hem ipo

Category:Telecommunications

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