Orsted CFO Says Muted Pricing Reaction Good Sign for Share Sale

Orsted A/S’s Chief Financial Officer Trond Westlie said the muted market reaction to the pricing of the wind power firm’s $9.4 billion rights offering was a positive sign for the share sale.

The company’s shares were down just 1.8% as of 1:23 p.m. in Copenhagen, after dropping by a third following the announcement last month that Orsted would conduct the biggest rights issue for a European energy company in over a decade.

The resilience of the shares, which have been buffeted in recent months, is a crucial indicator of investor interest in the rights offering that’s set to open ...