Success for Norwegian Property - transaction oversubscribed sixfold
(Oslo, 14 November 2006) Norwegian Property ASA has been received with great interest among both domestic and foreign investors. When the deadline for applying for shares in the initial public offering passed yesterday afternoon, shares totalling roughly NOK 8.6 billion had been ordered. A number of the world's most reputed property investors have applied for shares, along with more than 900 private individuals in Norway. The indicated price interval for the share issue and the secondary sale was set at NOK 50-55 per share. The final price has been fixed at NOK 53.50 per share,