ISS Sets Price Range for $2.5B I.P.O.

In what is expected to be the largest European I.P.O. so far this year, Denmark's ISS set a price range of 100 to 135 Danish crowns ($18.70 to $25.25) per share for its $2.5 billion Copenhagen listing, Reuters reported. The outsourcing company is targeting proceeds of up to 13.3 billion Danish crowns ($2.5 billion) from the sale of new shares, in order to pay down debt, Reuters said. Private equity investors Goldman Sachs and EQT bought ISS in a 2005 leveraged buyout.

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