Dong Sale Probed Just Months After IPO Values It at $15 Billion

Denmark’s National Audit Office has been asked to investigate Dong Energy A/S after members of the country’s parliament voiced concerns that shares in the utility were sold too cheaply to a group of investors led by Goldman Sachs two years before an initial public offering.

The investigation will look into the role of Dong’s management and the Danish Finance Ministry in setting the company’s value, as well as the incentive structures that may have motivated employees in relation to the sale, according to a statement on the parliament’s website.