Gjensidige goes for 6% yield in $1.3bn IPO

12 Nov 2010

Norwegian non-life insurer Gjensidige Forsikring is hoping to emulate Statoil Fuel & Retail’s IPO last month by projecting an image of stability and security after it began premarketing a Nkr7.78bn ($1.3bn) demutualisation this week.

Bankers at global coordinator Goldman Sachs and bookrunners Artic Securities, Bank of America Merrill Lynch, DnB Nor, Keefe Bruyette & Woods and Pareto Securities believe that the stunning success of Statoil Fuel & Retail’s Nkr5.38bn ($915.8m) IPO, which has gained almost 25% since it priced on October 21, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.