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Swedish Confectioner Candyking To Launch IPO

Zoom in font  Zoom out font Published: 2013-12-04  Views: 49
Core Tip: Swedish confectionery retailer Candyking along with its shareholders, have decided to list the pick and mix manufacturer in Stockholm.
Swedish confectionery reCandykingtailer Candyking along with its shareholders, have decided to list the pick and mix manufacturer in Stockholm.

The company said late last week that it would sell shares worth up to 830 million Swedish crowns (€93 million) in its initial price offering at the Stockholm bourse.

Candyking, owned by private equity firm Accent Equity Partners, said in a statement the offering comprised up to 18.5 million shares with the price expected to range between 27 and 32 crowns per share.

Based on the price range of the offering, Candyking’s shares were valued at between 994 million and 1.045 billion crowns, the company said.

 
 
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