ARTICLE | Financial News

Zealand planning IPO

November 4, 2010 12:06 AM UTC

Zealand Pharma A/S (Glostrup, Denmark) said it is seeking to raise about DKK671.3 million ($125.8 million) through the sale of up to 7.8 million shares at DKK86-DKK120 in an IPO on the Copenhagen Stock Exchange and a private placement. If sold at the midpoint of DKK103, the company would be valued at DKK2.7 billion ($497.9 million) based on 25.8 million shares outstanding. Danske Markets and Jefferies are joint global coordinators, while Bryan, Garnier and SEB Enskilda are co-lead managers for the offering. The first day of trading is slated for Nov. 19. ...