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GC Asia
Sweden’s Hemnet launches IPO
Hemnet, the Swedish online property marketplace, has launched the marketing process for an IPO on the Nasdaq Stockholm exchange.
The deal is an all-secondary offering. The main sellers are General Atlantic, which owns 60% of the company, and Sprint, which owns 17%.
Carnegie, Citi and Morgan Stanley are global coordinators on the deal. Barclays and Nordea are bookrunners.
The company is Sweden’s largest online house selling platform. In 2020, it saw 62.5m visits ...Already a subscriber? Login
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