ISS brings forward €1bn IPO due to strong investor demand


Danish facility services company ISS is to list this week, in an early closing of its Copenhagen IPO.

Due to “very strong demand” from investors, ISS, which is backed by EQT and Goldman Sachs, could raise up to DK8bn (€1.07bn), valuing the company at up to DK31.7bn

The buyout pair have controlled ISS for almost a decade following a €3bn deal in 2005.

Subsequently, Teachers Private Capital partnered with the investment holding company of the Lego family to buy a €500m stake in August 2012.

ISS, which was the subject of a botched £5.2bn takeover by outsourcing giant G4S in November last year, previously explored listing plans back in 2011, but decided against it due to unfavourable public markets.

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