Lemonsoft ‘s institutional offering is oversubscribed Bond


A SaaS company going to First North Lemonsoftin the institutional issue has been suspended due to oversubscriptions.

The size of the institutional issue was tentatively approximately EUR 56 million, and subscription commitments amounted to EUR 42.5 million in advance. In total, the market value sought and now achieved by the company is EUR 216 million.

Ilmarinen, Mandatum and Teknik Innovation Norden Fonder, which had made pre-subscription commitments, each contributed 6.5 million. Aeternum Capital, Handelsbanken’s funds and ODIN each contribute four million.

Evli’s management company committed to subscribe for shares with three million euros, Aktia’s funds, Grenspecialisten Förvaltning, SEB Investment Management and certain SP Fund Management Company’s funds with two million euros each.

Compared to the institutional offering, the public offering was a smaller EUR 5.5 million. The public offering was suspended due to oversubscriptions yesterday morning.

A total of approximately EUR 62 million worth of shares were significant in the IPO. New shares are available for approximately EUR 15 million, with the remainder being shares sold by the old owners.

The largest owner is a private equity investor Rite Ventures. The value of Rite’s owner’s holding before the listing, calculated at the listing price, was approximately EUR 123 million, of which the additional share option included 29.4 million shares.

The second largest owner with a pot of about 74 million is the CEO Kari Joki-Holland. The value of his pot, calculated at the listing price, was EUR 74 million, and 17.7 million shares were sold.

Trading in Lemonsoft shares is scheduled to begin at First North tomorrow, Wednesday.


Source: Arvopaperi by www.arvopaperi.fi.

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