WRAPUP 2-U.S. new home sales jump, median price surges to record high
WASHINGTON, June 23 New U.S. single-family home sales rose in May and the median sales price surged to an all-time high, suggesting the housing market had regained momentum.
OSLO, June 6 (Reuters) -
** Infront ASA announces intention to launch an initial public offering (IPO) of its ordinary shares and to apply for a listing on the Oslo Bourse
** Infront says it is a financial technology firm that "provides a modern and user-friendly information and trading terminal, based on a market leading technology fed by both in-house and external financial market data"
** Infront has over the last 20 years built up a company with global reach, serving a diversified customer base with 20,000 end-users in more than 50 countries
** The IPO aims to support Infront's organic and inorganic growth plans for the coming years
** Infront is seeking to take an active role in the industry consolidation in Europe, and the IPO will provide greater flexibility as opportunities arise
** The current majority owners in the company, Kistefos and the founders Kristian Nesbak and Morten Lindeman through their wholly-owned investment companies, expect to reduce their ownership in Infront in connection with the IPO
** The founders will remain substantial shareholders after the IPO and continue to be part of the Company's management team
** ABG Sundal Collier and Danske Bank Markets are acting as Joint Global Coordinators and Joint Bookrunners in the IPO
Eikon source: (Reporting By Ole Petter Skonnord)
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