Swedish telecoms equipment firm Transmode has denied reports that the group is planning to list 30% of the company on May 27.
A spokesman for the group, which provides optical networking products, insisted “an IPO is among the strategic alternatives it…
Swedish telecoms equipment firm Transmode has denied reports that the group is planning to list 30% of the company on May 27.
A spokesman for the group, which provides optical networking products, insisted “an IPO is among the strategic alternatives it may consider”, but a decision on whether it would list on the Bourse had not been made.
He declined to comment further on the speculation, but local reports suggest the group has hired Carnegie, Handelsbanken and UBS to advise it on the IPO plans.
The reports estimate the group’s market value at approximately SEK1.5bn-SEKr2bn (E167m-223m).
Swedish VC Pod, which owns 41.5% of the group, reportedly plans to be the main seller. Its fellow Transmode shareholders are VC firms Amadeus (21.5%), HarbourVest (11.7%), EEP (9.1%) and Santec (2.3%), with the rest of the equity held by present and past directors of the board, employees and Transmode’s founders.
Transmode claims to have more than 300 customers Europe, Asia and the Americas. Its products concern the transport of data, voice and video traffic, based on CWDM and DWDM technology.
