Deals
OW Jumps After Selling Second Biggest Danish IPO Since 2010
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OW Bunker A/S shares surged as much as 19 percent on its first day of trading in Copenhagen after the marine fuel provider was listed in Denmark’s second-largest initial public offering since 2010.
The shares rose 15 percent to 167 kroner at 9:46 a.m. after the Noerresundby, Denmark-based company earlier sold shares at 145 kroner apiece. The price was at the high end of the indicative range of 120 kroner to 150 kroner set last week, valuing the company at 5.33 billion kroner ($980 million).