On 17 June 2014 Com Hem Holding AB (publ) announced the outcome of its IPO and listing on NASDAQ OMX Stockholm. The Offering was over-subscribed several times and attracted strong interest among Swedish and international institutional investors as well as Swedish retail investors.
Following an indicative price range of SEK 44-62 per share, the final offering price was set at SEK 58 per share, corresponding to a market capitalisation of SEK 11.5 billion. The Offering comprised 97,754,179 newly issued shares resulting in gross proceeds to the Company of SEK 5,670 million, before exercise of the over-allotment option. If the over-allotment option is exercised in full, it would result in additional gross proceeds of SEK 567 million to the Company.
The shares were allocated to international and Swedish institutional investors as well as to the general public in Sweden.
Com Hem is one of Sweden’s leading suppliers of television, high-speed broadband and fixed-telephony. Approximately 39%, 1.83 million, of Sweden’s households are connected to Com Hem, with access to the market’s broadest range of television services. Com Hem offers attractively priced, high-quality and comprehensive services for television, high-speed broadband and fixed-telephony. The Company was established in 1983 and has approximately 1,050 employees and its head office in Stockholm.
BC Partners, who did not sell any shares in the Offering, remains the largest investor in Com Hem with a 50.0 % holding in the Company post the Offering assuming the over-allotment option is not exercised, and 47.7 % assuming the over-allotment option is exercised in full
Carnegie was joint book-runner in connection with the IPO.