After Oslo Børs’ closing time on Tuesday, Napatech has launched a private placement in which the technology company will issue up to 9 million new shares. ABG Sundal Collier and SpareBank 1 Markets are engaged as facilitators in the issue, which is aimed at selected Norwegian and international investors.
The Napatech share ended on Tuesday at NOK 22.80, after a price drop of 8.1 per cent. The subscription price and the final number of new shares to be issued in the issue have not yet been determined.
Based on the share’s closing price on Tuesday, the company aims to raise around NOK 200 million.
So far this year, the Napatech share is up a whopping 74 percent, boosted by the company’s collaboration with the American giant Intel. At the end of April, the share was up to NOK 33.00 – a new high.
In addition to general company purposes, the issue proceeds will be used to finance the growth opportunities that arise with the company’s new partnership.
Strong interest
The company states that it has received signals of such strong interest in the issue that only existing shareholders can expect to be allocated shares in the transaction.
Napatech’s largest shareholder as of On 3 May, the private equity giant Verdane Capital with 16.9 per cent.
The Sundt family’s Sundt AS is listed with 12.3 per cent, and Ludvig Lorentzen AS has 6.7 per cent.
