COPENHAGEN (Reuters) – Denmark-based card payment services company Nets set an indicative price range for its planned initial public offering (IPO) that values the business at up to $4.8 billion, nearly double the sum paid by two U.S. equity firms in 2014.
Scandinavia’s largest payments processor said on Tuesday that it expects to price the offering at 130-160 Danish crowns per share when it lists on the Copenhagen Stock Exchange on Sept. 27, indicating a valuation of 26 billion to 32 billion Danish crowns ($3.92 billion to $4.83 billion).