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Stockholm attack puts a choke-hold on Sweden tolerance

Stockholm attack puts a choke-hold on Sweden tolerance
mareeg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mareeg.com Daily Mail and Mail on Sunday newspapers.

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Cint shares jump 30% Nasdaq Stockholm debut

By Reuters Staff
1 Min Read
STOCKHOLM, Feb 19 (Reuters) - Shares of Swedish consumer research firm Cint jumped nearly 30% on its debut on Nasdaq Stockholm on Friday, signaling the market for initial public offerings remains strong ahead of upcoming listings later in the year.
Shares rose to 92.50 crowns in early trading, above the offering price of 72 crowns.
The listing, one of the biggest in Sweden in recent years, took Cint’s market valuation to more than 1 billion euros ($1.21 billion) on the day of the listing.
Cint, which provides digital survey-based research and insights to customers such as Omnicom and KPMG saw its net sales grow 37% to about 100 million euros in 2020. ....

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Cint shares jump 30% Nasdaq Stockholm debut

Cint shares jump 30% Nasdaq Stockholm debut
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.

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Sweden's Kinnevik to distribute $6.6 billion Zalando stake to shareholders

Sweden's Kinnevik to distribute $6.6 billion Zalando stake to shareholders
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Sweden's Kinnevik to distribute $6.6 billion Zalando stake to shareholders

Kinnevik’s stake of 54 million shares represents 21% of total shares outstanding in Zalando.
Shares in the German online fashion giant fell 6.2% in Wednesday’s early trade, while Kinnevik dropped 3.0%.
Kinnevik’s shares have surged more than 200% from lows in March, with many of its holdings seeing rapid growth in the midst of the pandemic, helped by the portfolio’s focus on digital businesses.
The proposal to distribute Zalando will be submitted at Kinnevik’s annual shareholder meeting on April 29, and is expected to be finalized during the second quarter.
“The investment in Zalando has been instrumental in establishing Kinnevik as the leading listed European growth investor in tech-enabled businesses,” Kinnevik Chief Executive Georgi Ganev said in a statement. ....

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