Svenska IPO
On 24 May 2022, 4C Strategies was listed on Nasdaq First North Premier Growth Market.
Timetable of key dates
- Application period for the general public in Sweden, and institutional investors: 17–23 May 2022
- First day of trading in 4C Strategies’ shares: 24 May 2022
- Settlement date: 27 May 2022
The Offering in brief
- The price per share in the Offering was set to SEK 35, corresponding to a total value of approximately SEK 1,187 million for all outstanding shares in the Company following the completion of the Offering.
- The Offering comprised 12,926,112 shares, of which 2,857,142 shares will be newly issued shares and 10,068,970 shares are existing shares. The existing shares are sold by Priveq, the founder Andreas Hedskog, and certain other shareholders in the Company, including certain members of the management team.
- The new shares to be issued by the Company will provide 4C Strategies with proceeds of approximately SEK 100 million before deduction of costs attributable to the Offering.
- To cover a possible overallotment in the Offering, Priveq (Priveq Investment V (A) AB and Priveq Investment V (B) AB) has undertaken to sell up to 1,938,916 additional existing shares, corresponding to a maximum of 15% of the total number of shares in the Offering (the “Overallotment Option”).
- Provided that the Overallotment Option is exercised in full, the Offering will comprise 14,865,028 shares, which represent approximately 43.8% of the total number of shares in the Company following the completion of the Offering.
- The total value of the Offering amounts to approximately SEK 452 million and approximately SEK 520 million if the Overallotment Option is exercised in full.
- The Fourth Swedish National Pension Fund, Livförsäkringsbolaget Skandia, ömsesidigt, Skandia Fonder AB, Carnegie Fonder, Grenspecialisten, LMK Venture Partners AB, Neptunia Invest, Tibia Konsult AB and a consortium of Erik Syrén, Martin Bjäringer, Tedde Jeansson and Carl Rosvall (together “Cornerstone investors”) have acquired shares in the Offering for a total amount of SEK 335 million, representing approximately 28.2% of the shares and votes in the Company upon completion of the Offering.
- Key members of the senior management and the Board of Directors (Andreas Hedskog (Chairman of the Board), Magnus Bergqvist (CEO), and Anders Nordgren (CFO)) have entered into lock-up undertakings applicable for a period of 540 days and other shareholding directors and members of the senior management have entered into lock-up undertakings applicable for a period of 360 days after the first day of trading on Nasdaq First North Premier Growth Market. In addition, other selling shareholders and certain existing shareholders have entered into lock-up undertakings applicable for a period of 180 days after the first day of trading.
- Trading on Nasdaq First North Premier Growth Market commences 24 May 2022, under the ticker “4C”. Settlement is expected to take place on 27 May 2022.
Contact persons
Magnus Bergqvist, CEO
Phone: + 46 (0)8-522 27 900
Email: magnus.bergqvist@4cstrategies.com
Anders Nordgren, CFO
Phone: + 46 (0)8-522 27 900
Email: anders.nordgren@4cstrategies.com