Video conference firm Pexip surges 44% in IPO debut

Pexip Holding ASA

14/05/2020 08:01

OSLO, May 14 (Reuters) - Shares of Norway's Pexip Holding
 PEXIP.OL  rose 44% in early trade on Thursday as the video
conferencing firm made its stock market debut following an
initial public offering (IPO) that was more than 12 times
oversubscribed.  urn:newsml:reuters.com:*:nL8N2CM1BB urn:newsml:reuters.com:*:nFWN2CN17O
    The shares traded at 91 Norwegian crowns at 0701 GMT, up
from 63 crowns in a sale of new and existing stock that
concluded on Tuesday, now valuing the company at around 9.0
billion Norwegian crowns ($884 million).  urn:newsml:reuters.com:*:nFWN2CU16D

($1 = 10.1866 Norwegian crowns)

 (Reporting by Terje Solsvik, editing by Victoria Klesty)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70))