Scandic's IPO price set at SEK 67, trading begins on Nasdaq Stockholm

Scandic Hotels Group began trading on Nasdaq Stockholm on December 2, 2015, with its shares priced at SEK 67 each. The setting of this offer price marked the conclusion of the company's initial public offering (IPO).

The listing on the main market of Nasdaq Stockholm underscored Scandic's position as a leading hotel operator in the Nordic region. The IPO price of SEK 67 per share established the company's valuation at the time of its public debut.

With the IPO, Scandic aimed to strengthen its capital structure and secure funds for future growth and strategic initiatives. The company previously stated that the listing would provide a solid foundation for continued development.

Scandic is the largest hotel chain in the Nordics, operating over 160 hotels across eight countries. The company focuses on providing convenient and comfortable accommodation for both business and leisure travelers.