IPO 2016

Vincit Group Plc’s (”Company”) First North initial public offering has ended. The subscription period for the initial public offering began on September 27, 2016. The IPO was oversubscribed several times over, due to which the Board of the Company decided to terminate the subscription periods of the Institutional Offering and Public Offering at 4.30 p.m. on October 4, 2016. The subscription period of the Staff Offering ended at 4.30 p.m. on September 30, 2016.

 

In the IPO, the Company offered a maximum of 1,400,000 new shares in the Company (”Issued Shares”) for subscription, and three of the Company’s shareholders committed to selling 1,160,000 of the Company’s existing shares (”Shares for Sale” and, together with the Issued Shares, ”Offered Shares”). The realized allocation of the IPO was as follows:

 

  • 670,000 Offered Shares to private individuals and corporations in Finland (”Public Offering”)
  • 1,390,000 Offered Shares to institutional investors in Finland (”Institutional Offering”)
  • 500,000 Offered Shares to the Company’s personnel (”Staff Offering”)

 

The subscription price for the Public and Institutional Offerings was EUR 4.20 per Offered Share and the subscription price for the Staff Offering was EUR 3.78 per Offered Share.

 

Trading in Vincit Group Plc’s shares began in First North Finland on October 17, 2016. The shares’ ticker symbol is VINCIT and ISIN FI4000185533.

 

Alexander Corporate Finance Oy served as the main organizer of the IPO and is the Company’s Certified Advisor in the First North Finland stock exchange.

 

Important dates

The subscription periods of the Institutional, Public and Staff Offerings began at 9.30 a.m. on September 27, 2016
The subscription period of the Staff Offering ended at 4.30 p.m. on September 30, 2016
The subscription periods of the Institutional and Public Offerings was terminated at 4.30 p.m. on October 4, 2016
The final result of the IPO was announced on October 6, 2016
Trading in the shares begins in the First North Finland stock exchange October 17, 2016

 

 

Att: The following materials are available in Finnish only

 

Company presentation

A company presentation was held for investors at Vincit’s head office in Tampere on September 28, 2016.

 

Materials

Up next Shares & shareholders