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Order book closes on Swedish PE firm EQT's IPO

EQT Partners AB closed the order book on its IPO valued at as much as €1.2 billion, Reuters reported, citing a lead manager.

The order book covers the entire price range, which the Swedish private equity firm set at 62 Swedish kronor to 68 kronor per share, or 11.8 billion kronor to 13.0 billion kronor in the aggregate, for a 21.1% stake.

Shares of EQT are set to start trading on Nasdaq Stockholm on Sept. 24 under the ticker EQT.

JP Morgan and SEB are acting as joint global coordinators and joint book runners for the offering, with Goldman Sachs International, Morgan Stanley & Co. International PLC, Nordea and UBS serving as joint book runners. ABG Sundal Collier, Merrill Lynch International and BNP Paribas are co-lead managers. Advokatfirman Vinge and Davis Polk & Wardwell London LLP are legal advisers to EQT, while Linklaters is legal adviser to the joint global coordinators, joint book runners and co-lead managers.

As of Sept. 20, US$1 was equivalent to 9.72 Swedish kronor.