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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  EQT Holdings Ltd    EQT   AU000000EQT1

EQT HOLDINGS LTD

(EQT)
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End-of-day quote. End-of-day quote AUSTRALIAN SECURITIES EXCHANGE LIMITED - 09/16
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EQT : sets price range for 1.2 billion-1.3 billion euro Stockholm share listing

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09/12/2019 | 01:27pm EDT
FILE PHOTO: Swedish private equity group EQT CEO Sinding poses for a picture in Stockholm

LONDON (Reuters) - Swedish private equity firm EQT unveiled the price range on Thursday for the shares it will list on the Stockholm bourse to raise up to 1.3 billion euros (1.17 billion pounds) for overseas expansion.

EQT plans to sell around 20 percent of its shares at 62-68 Swedish krona ($6.44-$7.06) each in the maiden listing, according to a lead manager, raising between 1.2 billion-1.3 billion euros.

Investors will be able to place orders across the price range from Friday morning onwards. The initial public offering (IPO) looks set to value the company between 11.8-13.0 billion Swedish krona, or 5.5-6.0 bln euros, the lead manager said.

The IPO will fund continued investments in the business and growth opportunities, including expansion in North America and Asia-Pacific, the company said in a statement.

The deal will consist of a mixture of new shares -- that will raise about 501-550 million euros equivalent for the firm -- and existing shares sold by the owners.

The selling shareholders in the IPO will primarily consist of Swedish investment company Investor AB and a group of partners, including three former partners.

With 40 billion euros ($45 billion) under management, EQT has transformed itself since its 1994 launch from an investment arm for Sweden's influential Wallenberg family into Europe's second-largest private equity fund behind Britain's CVC.

"In order to future-proof EQT and continue our growth, we are considering taking this a step further by building EQT's own balance sheet," Chief Executive Christian Sinding told Reuters in July.

(Reporting by Abhinav Ramnarayan, editing by Kirstin Ridley and Elaine Hardcastle)

By Abhinav Ramnarayan

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Financials (AUD)
Sales 2020 97,9 M
EBIT 2020 37,2 M
Net income 2020 25,0 M
Finance 2020 50,2 M
Yield 2020 3,30%
P/E ratio 2020 24,7x
P/E ratio 2021 22,4x
EV / Sales2020 5,80x
EV / Sales2021 5,38x
Capitalization 618 M
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Mean consensus BUY
Number of Analysts 2
Average target price 33,70  AUD
Last Close Price 30,00  AUD
Spread / Highest target 16,7%
Spread / Average Target 12,3%
Spread / Lowest Target 8,01%
EPS Revisions
Managers
NameTitle
Michael J. O'Brien Managing Director & Executive Director
Jeffrey Gibb Kennett Chairman
Philip Gentry Chief Operating & Financial Officer
Alice Joan Morrice Williams Independent Non-Executive Director
Anne Maree O'Donnell Independent Non-Executive Director
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