Cint shares jump 30% Nasdaq Stockholm debut

Cint AB (publ)

19/02/2021 08:59

STOCKHOLM, Feb 19 (Reuters) - Shares of Swedish consumer
research firm Cint  CINT.ST  jumped nearly 30% on its debut on
Nasdaq Stockholm on Friday, signaling the market for initial
public offerings remains strong ahead of upcoming listings later
in the year. 
    Shares rose to 92.50 crowns in early trading, above the
offering price of 72 crowns. 
    The listing, one of the biggest in Sweden in recent years,
took Cint's market valuation to more than 1 billion euros 
($1.21 billion) on the day of the listing.
    Cint, which provides digital survey-based research and
insights to customers such as Omnicom  OMC.N  and KPMG saw its
net sales grow 37% to about 100 million euros in 2020.
    ABG Sundal Collier, Jefferies International and Nordea Bank
were joint bookrunners for the IPO.     

($1 = 0.8248 euros)

 (Reporting by Supantha Mukherjee based in Stockholm; editing by
Johannes Hellstrom)
 ((supantha.mukherjee@thomsonreuters.com; +46 70 721 1004;
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