IFLR1000

Scandic Hotels Group Nasdaq OMX Stockholm IPO

2/12/2015
IPO
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SKr 6.9 billion

$ 773 million

Completed

2/12/2015

Overview:

  • Scandic Hotels Group has launched an IPO on the Nasdaq OMX Stockholm.
  • The offering was priced at SKr67 a share, giving a market capitalisation of SKr6.9 billion.
  • The offering raised around SKr3.4 billion.
  • Morgan Stanley and Skandinaviska Enskilda Banken (SEB) acted as joint global coordinators and bookrunners for the listing. Deutsche Bank and ABG Sundal Collier were joint bookrunners.
  • EQT was the main selling shareholder.
  • Scandic Hotels Group is a Sweden-based hotel chain.

Rani Mehta -Journalist 

Jurisdiction:

Sweden

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing law:

Sweden

Industry sectors:

Real estate
Tourism

Firms:
Linklaters

Party: Morgan Stanley (Joint global coordinator, Bookrunner)

Party: Skandinaviska Enskilda Banken AB (Joint global coordinator, Bookrunner)

Party: Deutsche Bank AG Na ON (Bookrunner)

Party: ABG Sundal Collier (Bookrunner)

Lawyers: Fredrik Lindqvist (retired), Marco Carbonare

Mannheimer Swartling

Party: Scandic Hotels Group (Issuer)

Lawyer: Eva Hägg

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