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Nets Starts Trading as IPO Values Firm at $4.5 Billion

  • Shares open higher, but lose ground after morning trading
  • CFO says company has no plans to move into other markets
Updated on

Nordic payments firm Nets A/S started trading in Copenhagen Friday after its shares were oversubscribed in an initial public offering.

After initially gaining as much as 4.7 percent, shares of the company formerly known as Nets Holding A/S fell 3.3 percent to 145 kroner at close. Investors had paid 150 kroner a share in the IPO, according to a statement to the Danish capital’s stock exchange Friday.