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Renewable Energy

July 15, 2016

Offshore Wind Developer Dong Valued at $15 Billion, Joins List of European IPO Giants

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Written by: ecodigmadmn

Dong Energy A/S became Europe’s biggest initial public offering this year, soaring as much as 12 percent after trading commenced on Thursday, after investors lined up to own shares in the Danish utility. The world’s biggest offshore wind energy operator sold 17.4 percent of its shares at 235 kroner a piece, raising 17.1 billion kroner ($2.6 billion). The price gives the whole company a value of 98.2 billion kroner ($14.9 billion). Shares traded 11 percent higher at 260.20 kroner as of 1:05 p.m. in the Danish capital.






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