EUROPE/MIDDLE EAST/AFRICA

摘要

Books were covered on the DKr8.036bn (US$1.48bn) OMX Copenhagen IPO for facilities management business ISS within hours of opening on Wednesday morning. Management split into two teams at the start of roadshows last Monday, though bookbuilding did not begin until Wednesday, allowing Danish retail time to digest the prospectus. The result was a queue of orders when the book opened. The deal is due to close on Friday, but this could be brought forward to as early as Tuesday. Pricing and listing are expected on March 17, unless the deal closes early. The price range for the fixed-proceeds IPO is DKr140-DKr175, representing a narrow market cap range of DKr27bn-DKr31.7bn. The total base deal offering is 45.9m-57.4m shares.