Alimak names its price ahead of IPO

By Steve Ducker05 June 2015

Swedish access company Alimak has announced that the final price in its Initial Public Offering (IPO) is expected to be between SEK80 (€8.56) and SEK95 (€10.16) per share.

Alimak has also said that SEK95 will be the maximum that the general public will be asked to pay for a share.

Details of the offering are set out in the prospectus on the company’s website.

The price corresponds to a market capitalisation of the company between SEK3.6 billion and SEK 4.1 billion (€380 million and €438 million), with the total value of the IPO around SEK 2.2 billion to SEK 2.6 billion (€240 to €280 million).

The final offer price will be announced on 17 June, with trading likely to start the same day.

Alimak said that through the IPO, and the subsequent listing on Nasdaq Stockholm, it expects to benefit from a broader shareholder base and access to the Swedish and international capital markets.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Access International Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
GAM first half revenues up 31%
Strong liquidity position will support company’s continued growth
Terex bounces back in first half
Second quarter 2021 sales up 50%, with strong growth in AWP and material processing segements 
Boels Rentals multiple Easy Lift investment
Easy Lift delivers first of more than 30 new spider lifts, marking its 10th year collaboration with Boels
CONNECT WITH THE TEAM
Euan Youdale Editor, Access International Tel: +44 (0)1892 786 214 E-mail: euan.youdale@khl.com
Ollie Hodges Sales Manager Tel: +44 (0)1892 786253 E-mail: ollie.hodges@khl.com
CONNECT WITH SOCIAL MEDIA