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Sweden's EQT up 20% on market debut after 1.2 billion euro IPO

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By Reuters

LONDON (Reuters) – Swedish buyout firm EQT AB <EQTAB.ST> saw its shares open at 80.50 Swedish krona per share on its market debut in Stockholm on Tuesday, up 20% from the initial public offering (IPO) price.

The company on Monday it would sell around 190.6 million shares at 67 Swedish krona per share in the IPO, setting the deal size at 12.8 billion Swedish Krona, or 1.2 billion euros (1.06 billion pounds) equivalent.

(Reporting by Abhinav Ramnarayan, editing by Sinead Cruise)