September 23, 2019 / 11:50 AM / a month ago

Sweden's EQT closes order book on IPO worth up to 1.2 billion euros

LONDON (Reuters) - Swedish buyout firm EQT Partners has closed the order book on its initial public offering worth up to 1.2 billion euros (1.06 billion pounds), with the order book covered across the entire price range, according to a lead manager.

The company launched the IPO earlier this month with a price range of 62-68 Swedish crown ($6.44-$7.06) per share for a 20% stake, setting the base deal size at 11.8-13 billion crowns, or 1.1-1.2 billion euros.

JP Morgan and SEB are global coordinators and joint bookrunners along with Goldman Sachs, Morgan Stanley, Nordea and UBS.

Reporting by Abhinav Ramnarayan, editing by Louise Heavens

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