The €1.2bn IPO of Swedish private equity group EQT was covered throughout its price range, less than two hours into the bookbuilding process on Friday, according to market sources.
EQT set the price range for the IPO late on Thursday at Skr62 to Skr68, valuing it at Skr59.1bn to Skr64.8bn (€5.5bn to €6bn). EQT’s partners and investment company Investment AB are selling up to 103.9m existing shares. EQT itself is also selling 86.6m new shares to raise
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