Nordic hotel chain Scandic Hotels has set the price for its initial public offering at 67 crowns per share giving it a market capitalization of 6.9 billion crowns (US$793 million) ahead of its debut yesterday, the company said in a statement.
The price was set in the lower end of the initial price interval of 66 to 81 crowns, Reuters reported. Scandic Hotels will be listed on the Nasdaq Stockholm exchange.
Scandic Hotels sets IPO price
