DONG Energy’s IPO has given the firm a market value of £9.8 billion (DKK98.2bn)
That’s according to the Danish renewable firm which closed its offering yesterday pricing its shares at DKK 235 (£23.5) each.
The gross proceeds from the offering are expected to be DKK 17.1 billion (£1.7bn) or up to DKK 19.7 billion (£1.9bn) if the full overallotment option is excercised.
More than 72.8 million shares were sold in the offering – equivalent to 17.4% of the company’s share capital.
DONG Energy estimates more than 36,000 new investors have been allocated shares in the firm due to the offering.
Claus Hjort Frederiksen, Danish Minister of Finance said: “As a representative of the majority shareholder I’m pleased to see that there has been a lot of interest in becoming part of the ownership of DONG Energy both among retail and professional investors.
“It gives DONG Energy a solid foundation to retain and develop its position as one of the leading green energy companies in the world. Recognition goes to the management and employees, for all of their hard work in connection with the IPO.