DNA aiming to generate EUR518m as it launches IPO

15 Nov 2016

Finnish multi-service provider DNA has confirmed it expects to raise up to EUR518 million (USD555 million) in an initial public offering (IPO), having set a preliminary price range for what is claimed to be one of the country’s largest listings in a decade. According to Reuters, the price for the offering – which starts today (15 November) – has been set at between EUR9.85 and EUR11.15 per share, with the company planning to sell up to 36 million existing shares, while also issuing new shares worth EUR50 million. DNA is subsequently scheduled to list its shares on the Helsinki Stock Exchange on 2 December, with the company having estimated that its market capitalisation will be between EUR1.30 billion and EUR1.47 billion following the offering.

Finland, DNA Finland