Bravida's IPO price set at SEK 40 per share; trading begins today

Bravida AB has set the offering price for its initial public offering at SEK 40 per share. Trading of the company's shares on Nasdaq Stockholm commenced today, October 16, 2015.

The IPO marks a significant step for the company, which provides installation and service businesses within electricity, heating, ventilation, and air conditioning (HVAC).

The funds raised from the offering are intended to be used for reducing the company's debt and for general corporate purposes. Bravida operates in the Nordic region and Germany.

With the listing on Nasdaq Stockholm, Bravida aims to strengthen its financial position and support its strategy for continued growth, both organically and through acquisitions. The company seeks to solidify its role as a major provider of installation services.