Last week shares in private equity firm EQT saw a 25% pop on the first day of trading.
Interesting to see private equity listing again – something that marked the top of the last cycle (except Carlyle/Oaktree both listing in 2012).
EQT raised 5.3bn SEK of new money and 13.5bn of sales by shareholders – a telling sign.
In the meantime over the last year the existing listed players have also started to convert their shares from limited partnerships to common stock – widening investor bases.
