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IPO values Dong Energy at $15B

Jun. 09, 2016 3:37 AM ETThe Goldman Sachs Group, Inc. (GS) StockGSBy: Yoel Minkoff, SA News Editor
  • Ding-dong! The IPO market isn't dead, as Dong Energy prepares to launch Europe's biggest offering so far this year, listing its stock on Nasdaq OMX in Copenhagen.
  • The world's largest offshore wind energy operator has sold 17.4% of its shares to raise 17.1B kroner ($2.6B), giving the company a market value of 98.2B kroner ($15B).
  • Along with the Danish government, which holds over 50% of Dong, a Goldman-controlled (NYSE:GS) entity owns 14.7%, although that stake has been subject to heated controversy.

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