3i's NORMA Group Raises $557M in IPO

Private equity group 3i's portfolio company NORMA Group AG has held an initial public offering on the Frankfurt Stock Exchange. NORMA offered 18.4 million shares under the Global Offering, raising 386.4 million euro ($557.5 million), including full overallotments. The company’s market capitalization 669 million euro ($1 billion), the firm said in a written statement. 3i formed NORMA Group by investing in Rasmussen Group in 2006.

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