Pandora Jewelry goes public with stock offering

by eyetee | October 4, 2010 12:00 am

SB_Bracelets_009 — According to Reuters, shares of Danish-based company Pandora Jewelry will trade publicly on the Copenhagen stock exchange.

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.

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[Image]: http://www.jewellerybusiness.com/wp-content/uploads/2011/04/SB_Bracelets_009.jpg

Source URL: https://www.jewellerybusiness.com/news/pandora-jewelry-goes-public-with-stock-offering/