Axcel lists Pandora at DKK 210 per share

The IPO, which consists of approximately 44.5 million existing and 2.9 million new shares, gives the company a market cap of DKK 27.33bn. The offer also includes an over-allotment option of 6.7 million shares, exercisable in whole or in part up to 4 November.

Axcel acquired a 59.3% stake in the company in 2008. The investor will retain a stake in the company, which generated revenues of DKK 3.5bn and an EBITDA of DKK 1.6bn in 2009.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com

 

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Nordics
• Consumer
• Exits
• Denmark