Closed transaction

IPO of Fellow Finance

Advised by
Client
Counterparty
n.a.
Deal stage
Closed transaction
Service
Equity
Sector
Financial Services
Market
EMEA
Contact
olli.kangasniemi@evli.com

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.

Olli Kangasniemi RolePartner FirmEvli Corporate Finance AB Olli joined Evli in 2004. View profile

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