STOCKHOLM, June 3 Shares in Swedish cable
operator Com Hem was expected to be priced between 44 and 62
crowns per share in their upcoming Stockholm flotation, the
company said on Tuesday.
The company said gross proceeds of the offering were seen at
5.67 billion Swedish crowns ($848 million), making it the
largest listing in Sweden since telecom operator Telia
in 2000. The offering would comprise between 91.4 million and
128.9 million newly issued shares.
The company said in a statement it had granted the joint
global coordinators an over-allotment option to buy additional
newly issued shares amounting to 10 percent of the number of
shares sold in the offering.
Assuming the over-allotment option is exercised in full, the
offering would amount to 6.237 billion crowns, valuing the
equity of Com Hem at between 10.6 billion and 12.4 billion
Com Hem, owned by private equity firm BC Partners Ltd
, said the first day of trading was expected to be
($1 = 6.6858 Swedish Kronas)