AutoStore $1.8 Billion IPO Is One of Norway’s Largest
- Softbank-backed company is looking to raise $315 million
- EQT, other holders are offering up to $1.5 billion of stock
AutoStore robots at Bike24 Holding AG logistics center in Dresden, Germany.
Photographer: Liesa Johannssen-Koppitz/BloombergThis article is for subscribers only.
Robotics firm AutoStore Holdings Ltd. and its backers are looking to raise as much as 15.5 billion kroner ($1.8 billion) on the Oslo Stock Exchange in one of Norway’s biggest-ever initial public offerings amid a rush of Nordic share sales.
AutoStore plans to raise $315 million, while holders will offer existing stock worth as much as $1.5 billion, according to a statement Friday. The listing could value AutoStore, which is owned by private equity firm Thomas H. Lee Partners, SoftBank Group Corp. and EQT AB, at as much as 103.4 billion kroner.