EQT soars on debut after ‘targeted’ IPO allocation

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By Sam Kerr
24 Sep 2019

Shares in EQT, the Swedish private equity firm, popped 25% on day one after its IPO was priced on the Nasdaq Stockholm on Tuesday — after what sources called a “targeted” IPO process.

As of just after 2pm UK time on Tuesday, EQT’s shares were at Skr84.5 a share, a 25% rise from its Skr67 IPO price.

JP Morgan and SEB were global co-ordinators on the IPO. Goldman SachsMorgan StanleyNordea and UBS were bookrunners.

The IPO has a greenshoe option which, if ...

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