Closed transaction
Deal details
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.
Deal team
01Members / select to view profile
Olli Kangasniemi
RolePartner
FirmEvli Corporate Finance AB
Olli joined Evli in 2004.
View profile
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