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An announcement from Genova Property Group AB ( (SE:GPG) ) is now available.
Genova Property Group AB announced that its directed share issue to the general public was heavily oversubscribed, resulting in the addition of over 2,300 new shareholders. The offering, which involved 600,000 newly issued ordinary shares at a subscription price of SEK 43.29 per share, aimed to enhance liquidity and diversify ownership. The successful share issue is expected to strengthen Genova’s market position by broadening its shareholder base and increasing interest in its development, without causing net dilution for existing shareholders.
The most recent analyst rating on (SE:GPG) stock is a Hold with a SEK52.00 price target. To see the full list of analyst forecasts on Genova Property Group AB stock, see the SE:GPG Stock Forecast page.
More about Genova Property Group AB
Genova Property Group AB is a dynamic property company with expertise in various segments of the property market. It focuses on sustainable value growth through active property management, urban development, project development, and property transactions in Sweden. As of March 2025, Genova owned properties valued at approximately SEK 9.5 billion and held a substantial building rights portfolio. The company’s ordinary shares have been listed on Nasdaq Stockholm since 2020.
Average Trading Volume: 3,502
Current Market Cap: SEK2.09B
Find detailed analytics on GPG stock on TipRanks’ Stock Analysis page.