The introductory stock price was DKK 875 per share, considering the issuance of bonus shares and the non-dilutive secondary offerings. That is equivalent to DKK 52 per share today.
With DKK 42 million in IPO proceeds, Flügger seized the opportunity to diversify its portfolio. Denmark’s largest wallpaper factory, Fiona in Faaborg, is acquired. Afterwards, the company then acquired Denmark’s largest wallpaper factory, Fiona, and also added the only sandpaper manufacturer, Dragon, to its group. In Sweden, Stiwex brush and paint tool manufacturer is acquired as well as Fobo brush factory.
