Humana prices IPO at top of range, trades up

Humana logo 230x150
By Olivier Holmey
22 Mar 2016

Humana AB, the Swedish company that provides care for the elderly, disabled and mentally ill, traded up 19% on its Stockholm debut on Tuesday, but fell back on Wednesday.

Humana priced its initial public offering at the top of its Skr54-Skr62 ($6.60-$7.51) a share range on Tuesday morning. That gave the firm a market capitalisation on admission of Skr2.928bn-Skr3.3bn.

The deal was for Skr783m but could grow to Skr887m for a free float of 26.9%, if the greenshoe ...

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