DONG Energy IPO could value firm at £10.6bn

DONG Energy estimates its Initial Public Offering (IPO) could value the firm between £8.35 billion and £10.6 billion. Earlier this month, the Danish energy giant announced plans to launch an IPO […]

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By Jacqueline Echevarria

DONG Energy estimates its Initial Public Offering (IPO) could value the firm between £8.35 billion and £10.6 billion.

Earlier this month, the Danish energy giant announced plans to launch an IPO of its shares on Nasdaq Copenhagen.

The firm has set the indicative price range from DKK 200 (£20) to DKK 255 (£25.5) per share, implying a total market capitalisation of the firm of up to £10.6 billion.

DONG Energy intends to sell between 15.1% and 17.4% of the company’s existing shares through a partial sell down by the current shareholders.

Claus Hjort Frederiksen, Danish Minister of Finance said: “The IPO is an important milestone in the development of DONG Energy. The company has grown from primarily being a Danish utility business to becoming a growing international company with a leading position in the offshore wind sector.”