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The IPO would also allow existing shareholders to reduce their stakes. Vendelin Olsen declined to comment on the size and timeline of this sell-down. Private equity investment firm Axcel holds 59.3 percent of Pandora’sPandora Charms Australia shares through funds it controls, while the rest is owned by the founding family.
Pandora’s EBITDA was 1.02 billion crowns in the first half of the year, up 56 percent.
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Goldman Sachs, JP Morgan, Morgan Stanley and Nordea will be joint global coordinators and bookrunners for the proposed IPO, while Carnegie and SEB are co-lead managers. Rothschild and FIH Partners are financial advisors to Pandora and Prometheus Invest, a vehicle controlled by Axcel. (Reporting by Teis Jensen and Anna Ringstrom; Editing by Erica Billingham, Mike Nesbit) Pandora Jewelry Australia