Mercell in a $88 million deal before listing at Merkur Market

Norway Sweden Investments 23 June 2020
Share on FacebookShare on Twitter

Mercell, an Oslo, Norway-based company providing software for electronic submission of public tenders, announced getting into an NOK 850M financial transaction.

The deal involves a new capital issue of SEK 450 million ($46.4M) and a secondary transaction of SEK 400 million.
The price per share is set at NOK 6.75, and the company values ​​the company before the issue at SEK 1.51 billion.

The issue includes four anchor investors, including Swedbank Robur Fonder and Tin Fonder, which have subscribed to buy shares for NOK 100 and 60 million respectively. Tin Fonder is led by Carl Armfelt and Eric Sprinchorn with previous background at Swedbank Robur Ny Teknik.

The first trading day at Merkur Market is expected to happen during the week starting July 6.