Sweden's EQT Partners AB priced its IPO at 67 kronor per share, near the upper end of its price range and reflecting a market cap of 63.8 billion kronor.
The company's shares commenced trading on Nasdaq Stockholm on Sept. 24, and settlement is expected Sept. 26.
The offering, which was more than 10x oversubscribed, comprises a total of 190,596,780 shares, with 86,634,900 newly issued shares and 103,961,880 shares sold by existing shareholders.
The newly issued shares will result in gross proceeds of about 5.8 billion kronor before issue costs.
Certain selling shareholders have undertaken to sell up to 10,396,188 shares to cover overallotments.
The total value of the offering amounts to 12.8 billion kronor, or 13.5 billion kronor if the overallotment option is exercised in full.
J.P. Morgan and SEB are acting as joint global coordinators and joint book runners for the IPO. Goldman Sachs International, Morgan Stanley & Co. International PLC, Nordea and UBS are serving as joint book runners. ABG Sundal Collier, Merrill Lynch International and BNP Paribas are acting as co-lead managers.
Advokatfirman Vinge and Davis Polk & Wardwell London LLP are serving as legal advisers to EQT. Linklaters is the legal adviser to the joint global coordinators, joint book runners and co-lead managers.
As of Sept. 23, US$1 was equivalent to 9.72 Swedish kronor.
