Hemnet soars in day one trading

Hemnet_phone_IPO_alamy_575x375_april8.jpg
By Sam Kerr
27 Apr 2021

Swedish property website Hemnet has succeeded in a difficult IPO market, its shares rising 50% on its first day of trading in Stockholm.

The stock hit a high of Skr172.48 ($20.59) on Tuesday compared to an IPO offer price of Skr115. The stock had fallen a little from the highs by mid-Tuesday afternoon but was still trading 45% above the offer price.

Hemnet sold 17.9m shares at Skr115 in a base ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial