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Dometic IPO could be valued at $1.7 billion

Dometic IPO could be valued at $1.7 billion

LONDON — Dometic Group, a supplier of appliances for boats and recreation vehicles, said it could be valued at as much as 15 billion Swedish kronor, or about $1.7 billion, in an initial public offering this month, the New York Times reported.

The company is the latest to seek to go to public even though market uncertainty has weighed on valuations in Europe, causing several businesses to delay offerings in recent weeks, the paper explained.

The Swedish private equity firm EQT Partners acquired Dometic in 2011. One of EQT’s prior funds had been an investor in Dometic. On Wednesday, Dometic said that it expected the offering to consist of 108.9 million shares, to be sold at 43 kronor to 52 kronor apiece, the New York Times reported.

To read the full story in the New York Times, click here.

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About Greg Gerber

Greg Gerber is a freelance writer and podcaster who has been writing about the RV industry since 2000. He is the former editor of RV Daily Report and can be reached at greg@rvdailyreport.com.

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