Tele1 Europe Launches Initial Public Offering
Tele1 Europe Launches Initial Public Offering On February 28th, Tele1 Europe Holding AB announced the launch of its initial public offering totaling approximately US$500 million. The Company intends to list its shares on the Stockholm Stock Exchange and quote its ADSs on the Nasdaq stock market under the Ticker symbol "TEUR". The offering is structured as a global offering of ordinary shares and American Depositary Shares. It is expected to consist of approximately 33.3 million ordinary shares, comprised of approximately 28.3 million shares to be sold by the Company in a capital increase