US EditionPosti sets €7.50 share price for Helsinki IPO
5 Articles
5 Articles
Posti sets €7.50 share price for Helsinki IPO
Posti Group has confirmed details of its upcoming listing on the Helsinki Stock Exchange. The initial public offering sets the share price at €7.50, targeting €100 million in gross proceeds. The state-owned postal and logistics firm will offer up to one million shares to retail investors in Finland and 10.6 million shares to institutional investors. If fully subscribed, the IPO would value Posti at around €300 million.
A maximum of one million shares will initially be offered in the public offering to private individuals and entities in Finland.
The subscription price for the Posti share gives the company a market value on par with, for example, F-Secure.
The share subscription period begins on Tuesday at 10 am.
Posti will begin its initial public offering and sale today, Tuesday, September 30.
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
