Fellow Finance
Fellow Finance has completed its IPO on Nasdaq FN Helsinki n.a.
Evli acted as Lead Manager in the EUR 20 million IPO of the Finnish FinTech group Fellow Finance. The IPO was successfully completed and trading in the company’s shares on Nasdaq First North Helsinki began on October 10, 2018. The valuation of all the company’s shares, based on the subscription price of the institutional and the public offering, was approximately EUR 55 million immediately following the IPO. The IPO was structured as a share issue, whereby the company received gross proceeds of ca. EUR 10 million, and a share sale, whereby certain old shareholders sold shares valued at ca. EUR 10 million. The IPO was 2.2 times oversubscribed. The total number of shareholders will increase to over 2,800 shareholders.
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Evli Corporate Finance AB
Evli has been providing corporate finance services since 1997. Today Evli has around 20 professionals at our Helsinki and Stockholm office, supported by a network of more than 20 senior advisors with previous top management experience from a range of industries. We advise our clients on mergers and acquisitions, disposals, leveraged buyouts, joint ventures and various capital market transactions including public and private fund raisings. We are generalists in terms of industries that we work with, but have significant experience from transactions in the following sectors: TMT, healthcare, industrials, consumer goods & retail, energy and business services. Our clients are typically companies, private and public, and their owners as well as institutional investors and private equity companies active or interested in the Nordic countries.
+358 9 476 690
olli.kangasniemi@evli.com
http://www.evli.com
