Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Pandora Drops Most in 15 Months as Biggest Owner Cuts Holding

Pandora A/S, the Danish maker of bracelets and charms, fell the most in 15 months in Copenhagen trading after its majority shareholder capitalized on the stock’s strength this year by selling a 10 percent stake.

The shares slid as much as 11 percent, the steepest drop since Feb. 21, 2012. They were down 8.9 percent at 204.70 kroner as of 9:54 a.m., trimming this year’s gain to 64 percent.

Prometheus Invest ApS sold 13 million shares in Pandora to institutional investors through an offering conducted by JPMorgan Chase & Co. and Nordea Markets. The sale raised 2.6 billion kroner ($451 million), JPMorgan said in a statement today, implying a price of 200 kroner a share. That’s the bottom of an indicated range of 200 kroner to 205 kroner.

Prometheus, which is controlled by Copenhagen-based private equity-fund Axcel and Pandora’s founding Enevoldsen family, will retain a 40.9 percent stake in the jeweler.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.