Listing could be imminent for NNIT

The timeframe seems to be changing for listing Novo Nordisk’s IT subsidiary

Novo Nordisk’s IT company NNIT could be listed on the Copenhagen Stock Exchange within the next two months – much sooner than had previously been expected, Børsen reports.

The company is being advised by Morgan Stanley and Danske Bank and had previously indicated that a listing would take place, but not so soon.

READ MORE: NNIT on brink of largest IT listing for a decade

Accelerated process
Scandinavian Tobacco Group has delayed its intended listing because of a surprise change of leadership, and analysts claim this will benefit an imminent listing of NNIT because there won’t be the same competition for investors’ attention. In addition, a source told Børsen that the listing would have to take place before December when the market comes to a standstill.

Both Novo Nordisk, which currently owns all the shares in NNIT, and the company itself are however unwilling to comment on rumours that the listing will take place by October or November.

”As we have previously communicated, we’ll take a position before the year is out. That’s still the case and we don’t want to comment on rumours,” Novo Nordisk’s head of press, Katrine Sperling, informed Børsen.

Børsen reports that on September 16 the company changed its articles of association and made a capital increase to 249 million kroner.

The company is expected to get a valuation of about 4 billion kroner on the stock market. According to information Børsen has received, Novo Nordisk will only sell about a third of the shares in NNIT so that it can retain control of the IT company.  

TOP STORIES

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Sign up here

Career

  • How internationals can benefit from joining trade unions

    How internationals can benefit from joining trade unions

    Being part of a trade union is a long-established norm for Danes. But many internationals do not join unions – instead enduring workers’ rights violations. Find out how joining a union could benefit you, and how to go about it.

  • Internationals in Denmark rarely join a trade union

    Internationals in Denmark rarely join a trade union

    Internationals are overrepresented in the lowest-paid fields of agriculture, transport, cleaning, hotels and restaurants, and construction – industries that classically lack collective agreements. A new analysis from the Workers’ Union’s Business Council suggests that internationals rarely join trade unions – but if they did, it would generate better industry standards.

  • Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

    Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

    The numbers are especially striking amongst the 3,477 business and economics students polled, of whom 31 percent elected Novo Nordisk as their favorite, compared with 20 percent last year.

Want to advertise your job with CPH Post?

Contact us

Jobs