Dong valued at US$15bil joins list of Europe IPO giants

Mega listing: A worker overseeing a facility of Dong Energy in Fredericia, Denmark. The world’s biggest offshore wind-park operator sold 17.4 of its shares at 235 kroner a piece, raising US2.6bil. — EPA

COPENHAGEN: Dong Energy A/S became Europe’s biggest initial public offering (IPO) this year, with investors lining up to own shares in the Danish utility as it transforms itself into a renewable energy giant.

The world’s biggest offshore wind-park operator sold 17.4% of its shares at 235 kroner a piece, raising 17.1 billion kroner (US$2.6bil), according to a statement to Copenhagen the stock exchange. The price gives the whole company a value of 98.2 billion kroner.