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Thule sets IPO price range valuing firm at up to 7.4 bln SEK-Reuters

(Reuters) – Private equity owned Thule Group, a maker of car roof storage boxes, said late on Thursday its stock would be offered at a price between 64 and 74 Swedish crowns per share in its initial public offering in Stockholm.

The range gives the firm an equity value of up to 7.4 billion crowns ($994 million), Thule said in a statement.

It said owner Nordic Capital would sell 26.1 percent of shares, an amount that could increase to 30 percent if an over-allotment option is exercised in full.

Thule, which announced its listing plans last week, said it expected the share to start trading on Nov. 26