Hemnet opens books on 'premium' IPO
Swedish house selling platform Hemnet opened on Monday the books for its IPO on the Nasdaq Stockholm. Sources close to the deal said that the transaction was proving popular and expected it to price at a premium to listed competitors like the UK's Rightmove.
The company will sell around 17.9m secondary shares between Skr95 and Skr115 a share. The base deal could be as large as Skr2bn ($243m).
There is also a 10% greenshoe, which, if exercised, would grow the transaction to 19.7m shares around $268m equivalent.The range values Hement between Skr9.6bn ...