ABG Sundal Collier acted as Joint Lead Manager in the SEK 500 million primary placing in Storytel

Last week, Storytel AB (”Storytel”) announced the successful completion of a private placement of 4.3 million new shares of class B at a subscription price of SEK 115 per share, raising gross proceeds of SEK 500 million. The subscription price was determined in an accelerated book building process. In connection with the placement, Storytel engaged ABG Sundal Collier and Carnegie as Joint Lead Managers.
About Storytel
The Storytel group consists of two divisions, Streaming and Publishing. The Streaming division currently offers a subscription service for audio books and e-books under the brand names Storytel and Mofibo in Sweden, Norway, Denmark, Finland, Iceland, The Netherlands, Poland, Russia, Spain, India, the United Arab Emirates, Turkey and Italy. The Streaming division also publishes audio books and Storytel Originals, mainly through the audio-book publisher Storyside. The Publishing division consists of the publishers Norstedts, Massolit, Kontentan, Telegram, the Danish People’s Press, Storytel Publishing, Rabén & Sjögren and B. Wahlströms, as well as Norstedts Kartor.