Biggest IPO in Denmark's history may price Dong at S$14.9b

Copenhagen

DENMARK is preparing what may become the biggest initial public offering (IPO) in the nation's history as it sets a road map for the sale of state utility Dong Energy.

The government is giving itself a maximum of 18 months, but Finance Minister Claus Hjort Frederiksen made clear that he wants the process to be swift. "The sooner we get started, the better," he said in a phone interview from Copenhagen.

The whole company, which comprises units in oil, gas, wind parks and distribution networks, could be worth as much as 70 billion kroner (S$14.9 billion), according to Jacob Pedersen, an analyst at…