TM's IPO to take place 22-24 April 2013
Stodir intends to sell a 28.7% shareholding in Tryggingamidstodin (TM) in a public offering that will take place 22-24 April 2013. The share price range is ISK 17.75-20.10 per each share in TM. This would correspond to a market value between ISK 13.5-15.3 billion. With the IPO, Stodir intends to fulfill requirements for the listing of TM´s shares on Nasdaq OMX Nordic Exchange. Stodir´s advisors for the process are Landsbanki and Islandsbanki.
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