Moberg raises $11.6 million in IPO

Moberg Derma AB (Stockholm, Sweden) raised SEK74 million ($11.6 million) through the sale of 2.6 million shares at SEK29 in an IPO on NASDAQ OMX Stockholm. The price values the company at SEK263.3 million ($41.3 million). The first day of trading is set for May 26. Avanza Bank was the issuing agent, while Vastra Hamnen Fondkommission was responsible for sales to institutional investors. Moberg refiled to raise up to SEK74 million earlier this month. Last December, Moberg withdrew a proposed IPO to raise SEK140 million due to insufficient shareholder demand. ...