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Deals - Asia

EQT's Stockholm IPO fully covered across price range

LONDON (Reuters) - Sweden’s EQT received sufficient investor orders to cover its 1.1-1.2 billion euro ($1.22-1.33 billion) initial public offering (IPO) across the entire price range just two hours after opening the order book, a lead manager said.

The buyout firm on Thursday announced a price range of 62-68 Swedish krona per share for a 20% stake, suggesting a base deal size of around 11.8-13 billion Swedish krona or 1.1-1.2 billion euros.

Reporting by Abhinav Ramnarayan; editing by Jason Neely

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