Northzone's Asetek becomes latest PE-backed IPO

Asetek completed its IPO and started trading on the main list of the Oslo Stock Exchange on Wednesday morning under the symbol ASETEK. The company, which traded at a share price of NOK 34.6 on Thursday morning, enjoyed an oversubscribed IPO, which indicated a market cap of $93m.

Asetek is a provider of liquid cooling solutions for high-end computers, generating higher performance, lower acoustic noise and power savings. The company is headquartered in San Jose, California, with offices in Denmark and China. It achieved revenues of $18.7m in 2012.

Asetek's listing is the latest in a string of PE-backed IPOs, which include Syntegra Capital's Moleskine on the Milan Stock Exchange and Oaktree and Alchemy's Countrywide on the London Stock Exchange – a trend signalling the revival of the IPO as an attractive exit route for private equity.

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

• Topics
• Nordics
• Exits
• IPO
• Northzone