Published on December 21, 2009 at 3:40 AM
Karolinska Development has
successfully completed a new share issue raising 380 MSEK (approximately 36
MEUR). This will secure Karolinska Development's continued active investment
strategy in its portfolio companies.
"The significant interest in this share issue shows confidence in the
strength of our business model and will enable us to pursue our long term
investment strategy. I am also pleased that we have attracted 450 new
shareholders giving Karolinska Development a total of around 750
shareholders. This further broadens our ownership base ahead of our planned
IPO which we intend to carry out in 2010," said Conny Bogentoft, CEO of
Karolinska Development.
The new issue covered 6 146 431 series B shares at an issue price of 62
SEK, corresponding to 19 percent of the capital. Five of the largest
shareholders in Karolinska Developments, The Third Swedish National Pension
Fund, Ostersjostiftelsen, Nasudden Investeringar AB, Foundation Asset
Management and Praktikerinvest signed for shares corresponding to 55 MSEK.
SEB Enskilda led the share issue with EFG Bank and Singer Capital Markets
as co-leads.
SOURCE Karolinska Development AB
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Tags: Investment