Homeco plans Euronext Oslo Bors listing and 100 million NOK share issue
Updated
Updated · MarketWatch · May 11
Homeco plans Euronext Oslo Bors listing and 100 million NOK share issue
13 articles · Updated · MarketWatch · May 11
The Norwegian retailer said the second-quarter flotation will include a secondary share sale, with SpareBank 1 Forvaltning and DNB Asset Management committing 360 million kroner as cornerstone investors.
The offer price is up to 29 kroner a share, implying a pre-money equity valuation of about 2 billion kroner, with full terms to be published before the offering.
Homeco runs 276 stores, including 40 franchise outlets, and six online platforms across Kitch'n, Tilbords and Sweden's Cervera, attracting more than 50 million annual web visits.
Why is Homeco launching a major IPO when Norway's own sovereign wealth fund signals significant market turbulence?
With Scandinavian minimalism 'losing its luster,' how will Homeco's brands adapt to capture shifting global design tastes?
As consumers abandon 'forever chemicals,' can Homeco's IPO fund a profitable pivot to truly sustainable kitchenware?