Silex Microsystems shares surge in Stockholm trading debut
Updated
Updated · Bloomberg · May 7
Silex Microsystems shares surge in Stockholm trading debut
9 articles · Updated · Bloomberg · May 7
The stock hit 210 kronor after listing on Nasdaq Stockholm, prompting a volatility halt, after an IPO priced at 81 kronor raised about 2 billion Swedish kronor.
The proceeds went to the specialist microchip-maker and its Chinese shareholder, Sai MicroElectronics Inc, in a deal worth about $220 million.
Cornerstone investors, including Swedish pension funds and international firms, bought about three-quarters of the shares offered, underpinning demand for the flotation.
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