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Investing.com -- Swedish green steel manufacturer Stegra AB is preparing for a potential initial public offering (IPO) to support its expansion plans, according to Bloomberg, as the company may need more capital than it can secure through private funding.
The four-year-old company is currently constructing what will be the world’s largest green steel production facility in northern Sweden. Stegra AB has already raised approximately €6.5 billion ($7.4 billion) in funding, with one-third coming from equity and two-thirds from debt financing.
The majority of this capital will be allocated to completing the plant construction and initiating operations. The facility is scheduled to begin steel production by the end of 2026, with an initial annual capacity of 2.5 million tons.
Stegra AB is also planning a second phase of development that would double its production capacity. This expansion would require additional substantial funding, which has prompted the company to begin preliminary work toward a public listing.
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