Sweden's CTEK doubles IPO price on market debut
24/09/2021 09:00
** Swedish battery charger maker CTEK CTEK.ST opens at SEK
170 on its market debut, more than doubling its IPO price
** The offering was priced at SEK 69 per share,
corresponding to a market value of SEK 3.4 bln ($394.08 mln)
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** About 2.9 mln shares in the company have been traded so
far today, with the price at SEK 128.80 at 0757 GMT
** CTEK is a global brand in battery charging solutions,
specialising in vehicle charging
($1 = 8.6277 Swedish crowns)
(Reporting by Milla Nissi)
((milla.nissi@tr.com))