A Drk235 per share price has been set for Dong Energy’s initial public offering which is to formally kick off today when the company begins trading on the Nasdaq Copenhagen.
The price values the offshore wind giant at Dkr98.2 (£10.3bn). The maximum number of shares available – totalling some 17.4% of the company – were sold to over 36,000 new investors netting Dkr17.1bn.
In addition, Dong said shareholders the Danish state and SEAS-NVE Holding have granted an “overallotment option” of an additional 15% of the shares already sold which is available to investors until 8 July.
Chief executive Henrik Poulsen said: “I’m pleased with the positive feedback received from investors all around the world and the trust they have shown us by becoming shareholders in Dong Energy.
“We’ll work hard to deliver on their expectations as we continue to lead the transition to a more sustainable energy system.”
Image: Dong
Dong ready for opening bell
Investors snap up all available shares setting valuation at over £10bn
By EBS