A report by Reuters says Danish company Pandora has launched an initial public offering (IPO) on the Copenhagen stock exchange.
The stock is believed to be valued at up to $2.16 billion US, with a preliminary per share price range set at 175 to 225 Danish kroners ($32 to $42 US). Reuters says the price range puts the company’s value at about 29.2 billion Danish kroners ($5.3 billion US).
The news comes following months of speculation of an impending IPO. Reports say it comprises sell-off by private owners, including Pandora’s founding family and the company’s majority owner, Axcel, a private equity investment firm.
