Initial public offering of TradeDoubler (SE) — SEK 1.3 billion

Carnegie acted as joint global co-ordinator and joint book-runner in the initial public offering of TradeDoubler on the O-list of the Stockholm Stock Exchange. The share offer was six times subscribed and a total of almost 12 million shares were sold in the global offering, including the over-allotment option.TradeDoubler is a leader in affiliate marketing in Europe, measured by number of publishers and geographic presence in Europe.November, 2005.