CVC’s Matas Advances on First Day of Trading: Copenhagen Mover
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Matas A/S, the drugstore chain bought by CVC Capital Partners Ltd. in 2007, rose on its Copenhagen debut after becoming Denmark’s first initial public offering through a private-equity firm in almost three years.
The shares rose as much as 7.8 percent and were up 6.1 percent at 122 kroner as of 9:08 a.m. in the Danish capital. That gave the Alleroed, Denmark-based company a market value of 5 billion kroner ($875 million). The IPO price of 115 kroner compared with an initial range of 100 kroner to 120 kroner.