Carnegie acted as joint global co-ordinator and joint book-runner in the initial public offering of KappAhl on the O-list of the Stockholm Stock Exchange. The base share offer was subscribed more than 8 times, and was still 7 times subscribed after the vendors elected to use their option to ”upscale”. KappAhl is a leading Nordic fashion chain with outlets in Sweden, Norway, Finland and Poland. The group designs and sells apparel for women, men and children through its own chain of outlets. February, 2006.