Nordic hotel chain Scandic Hotels has set the price for its initial public offering at 67 crowns per share giving it a market capitalization of 6.9 billion crowns (US$793 million) ahead of its debut yesterday, the company said in a statement.
The price was set in the lower end of the initial price interval of 66 to 81 crowns, Reuters reported. Scandic Hotels will be listed on the Nasdaq Stockholm exchange.
