Another Nordic smash: Boozt pops 25% on debut

By Aidan Gregory
31 May 2017

Shares in Boozt, the Scandinavian online fashion retailer, closed 25% higher on Wednesday after they began trading on Nasdaq Stockholm after its heavily oversubscribed Skr1.6bn (€166m) IPO. It rose another 3% on Thursday.

Carnegie and Danske Bank were global coordinators, Berenberg a bookrunner.

The deal attracted over 250 orders and was priced at Skr62 a share, towards the top of the Skr54-Skr63 range, giving Boozt an initial valuation of Skr3.44bn (€350m) when it began trading on Wednesday.

“It went pretty well," ...

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