Danish food ingredients group Chr Hansen today (19 May) announced details of its planned IPO – and said it is aiming for proceeds of DKK3.16bn (US$522m).

The company has set a range for the offering of DKK87-117 a share. The book-building period will run from 25 May to 2 June.

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Chr Hansen said last month that it would return to the stock market after being de-listed in 2005 by private-equity firm PAI Partners.

The private-equity firm will keep a majority stake in Chr Hansen, which said the free float will be between 42% and 46%.

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