EQT : Received $306 Million From Certara IPO

By Dominic Chopping

STOCKHOLM--Swedish private-equity firm EQT AB said Thursday that it received net proceeds of around $306 million from the sale of shares in Certara Inc.'s recent initial public offering.

EQT said the listing of Certara on the Nasdaq Global Select Market on Dec. 11 marked the first IPO for EQT in the U.S and saw EQT VII fund sell around 14.2 million shares, equivalent to about 16% of the fund's holdings, at $23 each.

EQT VII will remain a significant shareholder with around 49% ownership in Certara, it said.

Write to Dominic Chopping at [e-mail]

(END) Dow Jones Newswires

12-17-20 0512ET