Blue chip duo ready to end Danish IPO drought
A pair of local blue chips are poised to end Denmark’s near five year IPO drought. While the Copenhagen stock exchange has had no major listing since insurance group TrygVesta in October 2005, ambulance and rescue services group Falck and food ingredients company Chr. Hansen are returning after being taken private in 2005.
The timetable for Falck, which has Danske Markets, Deutsche Bank and Goldman Sachs as global coordinators and bookrunners, is slightly ahead of Chr. Hansens. Bankers expect a price range next week
The size of Falcks IPO is still unknown. Analysts see it valuing the company at Dkr9bn-Dkr10bn ($1.6bn-$1.8bn). Pricing
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