ISS sets price range

03 Mar 2011

ISS on Thursday set the indicative price range for its Copenhagen IPO in a deal from which the company wants to raise Dkr13.3bn ($2.49bn) of new money.

The range will give the company an equity value of Dkr23.3bn-Dkr26.8bn ($4.3bn-$5.0bn) and put between 51.4% and 58.0% into free float, before a greenshoe.

ISS revealed the indicative price range at Dkr100-Dkr135 a share and said that the deal will comprise 98.5m-133m new shares and 2.8m-4.0m existing shares to ...

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