Deals
ISS Shares Advance in Denmark’s Biggest IPO in Two Decades
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ISS Holding A/S, the world’s largest cleaning company, jumped as much as 13 percent in its first day of trading in Denmark’s biggest initial public offering in 20 years.
ISS’s new shares traded as high as 180 kroner in Copenhagen, compared with the IPO price of 160 kroner. The initial price range set during the offer was 140 kroner to 175 kroner. ISS said it raised gross proceeds of 8.04 billion kroner ($1.5 billion).