IPnett failed to raise as much as expected

Tuesday 6 January 2004 | 00:00 CET | News
IPnett, Internet solutions security firm, had hoped for a 20% price rise when it appointed Fondsfinans to handle its NKr15 mil share issue but instead the firm managed only to raise NKr7 mil and the cost was higher than expected. The price ended up 16% lower than initially indicated. Initial price range was NKr50 to NKr60/share but ended eventually at NKr42/share.

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Categories: General
Countries: Norway
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