94

News

Dong flotation price to value company at nearly 100 billion kroner

TheCopenhagenPost
June 9th, 2016


This article is more than 8 years old.

As the energy company prepares to go public today, the final price per share skyrockets

Fair winds for Dong today (photo: Godnu)

Dong Energy goes public today, and the company has valued its shares at 235 kroner per share, giving the company a market value of 98.2 billion kroner.

The price comes in at the high-end of what Dong published in its prospectus, in which it was estimated that the company’s value would land somewhere between 83.5 and 106.5 billion kroner.

More than 36,000 new investors have been allocated shares in Dong in connection with the public offering – 17.4 percent of Dong’s shared capital.

Sold out
Interest has been so great that Dong sold the maximum number of shares in the issue.

“I am pleased with the positive feedback we have received from investors around the world, and the trust they have placed in us by becoming shareholders in DONG Energy,” said Dong CEO Henrik Poulsen.

“All employees in DONG Energy should be proud to have built one of the fastest growing, greenest and most innovative energy companies in Europe.

READ MORE: DONG Energy IPO could be the biggest in Denmark’s history

Private investors in Denmark purchased 10 percent of the offered shares, while 90 percent were scooped up Danish and international institutional investors.


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”