There are still many unknowns surrounding the proposed IPO, such as what proportion of the company would be put up for sale, when it will go ahead and even if the company’s oil & gas unit will be part of the package.
“Unless the markets go into a surprise meltdown, I would expect to see Dong listed by this summer, although it could come earlier, maybe as early as June,” says Sydbank analyst Jacob Pedersen, who believes that the IPO would value the company at DKr50bn-70bn ($7.33bn-10.25bn).
The
