DNA ends flat on debut after €413m IPO

By Aidan Gregory
01 Dec 2016

DNA, one of Finland’s largest telecommunications companies, closed at €10.10 on its stock exchange debut on Thursday, after pricing its €413m IPO in the lower middle of its range.

Danske Bank and Morgan Stanley were global coordinators, while JP Morgan, Nordea and SEB were bookrunners.

It was a bumpy day for European equity markets, on which the EuroStoxx 50 closed 0.7% lower.

On admission, DNA achieved a €1.33bn market cap, about 5.8 times its 2015 ...

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