Lehman Brothers completed the Skr700m (Eu83m) IPO of on-line recruitment firm Jobline this week, although the deal was priced in the bottom half of the range. The company sold 10m capital increase shares at Skr70, from a range of Skr64-Skr80. The deal was 2-1/2 to three times covered, and some high quality investors placed orders of a decent size, but two important accounts set a price limit of Skr70. "There were some people," said a banker close to the deal, "who were a little bit wary of the sector."
September 15, 2000
