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Jordanes Model IPO Cancellation Sparks Controversy and Investigation

A bit over a month in the past turned identified that the proprietor of the Jordanes model must be listed on the inventory trade.

– We might not have despatched out right this moment’s message with out concrete plans. We consider that the market situations are proper for the itemizing now, mentioned chairman Stig Sunde on the time.

Jordanes is behind model names similar to Synnøve Finden, Peppes Pizza, Bodylab and Sørlandschips.

Counter message

Friday got here the counter message. Jordanes drops the information of a deliberate inventory trade.

– The board has decided based mostly on clear recommendation from our assistants, writes Jordanes Sofie Oraug-Rygh press launch in an e mail to Right this moment’s business.

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It has induced many reactions. Considered one of them is Alfred Berg’s shareholder supervisor, Leif Eriksrød.

– I am glad we did not spend a lot time on this. It is a little bit of a trick, the place every thing appears to be regular, earlier than they all of the sudden pull the IPO. They suppose the buyers are idiots, however they might have a very good motive. There are numerous unanswered questions, Eriksrød advised the newspaper.

– Indifferently

Erik Hagerup is the supervisor of Heimdal Høyrente. He reacts strongly to the canceled IPO.

– When phrase will get out that the ebook is roofed, everybody thinks it is a “performed deal”. It is very unprofessional, in truth it have to be the worst factor I’ve seen in my life, he tells DN.

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– Right here the inspector ought to go in and see that the books had been lined, as a result of now there’s solely a number of hypothesis and rumors. The brokerage homes ought to virtually contact the auditors and discover out that every thing was performed in a great way. It is like market manipulation, he says additional.

The case will undergo

Amongst those that wish to assessment what has occurred is Oslo Børs. They are going to ask for a proof from the corporate to clarify why they pulled out.

– We are going to commonly take a look at what has occurred, says Oslo Børs’ inventory trade director, Øivind Amundsen, to E24.

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On Wednesday final week, the corporate introduced a problem, that means that the demand for shares exceeded the variety of shares that had been anticipated to be issued.

– It isn’t typically {that a} quote is withdrawn after notification of oversubscription, confirms Amundsen.

CEO and co-founder of Jordanes, Jan Bodd, is assured that the choice they made was the fitting one.

– Though it’s regrettable that the market scenario was not as anticipated, the conferences with the buyers on this inventory market itemizing course of have strengthened our confidence in our long-term technique, mentioned the CEO and co Jordanes founder Jan Bodd on Friday. .

2024-05-27 21:09:18
#Inventory #market #bomb #worst #life

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