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General

DNA prices IPO at mid-point for market cap of EUR 1.34 bln

Wednesday 30 November 2016 | 11:49 CET | News
Finnish operator DNA has priced its IPO at the mid-point of the indicated range, giving the company a market capitalisation of EUR 1.34 billion. DNA sold nearly 5 million new shares and its shareholders offered nearly 36 million of their own shares for sale. The oversubscribed offer was priced at EUR 10.10 per share, compared to an indicated price range of EUR 9.85-11.15. DNA will receive gross proceeds of approximately EUR 50 million from the offering, while the selling shareholders, who still hold 59.5 percent of the company, raised EUR 424.3 million.

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Categories: General
Companies: DNA
Countries: Finland
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