ABG Sundal Collier acted as joint bookrunner in the NOK 125m private placement in IDEX Biometrics

On Wednesday, 24 May 2023, IDEX Biometrics announced a contemplated private placement of NOK 100-150 million. The transaction was priced at NOK 0.85 per share, representing a 6.3% discount to the close. The private placement attracted strong interest from both existing and new shareholders. The Company intends to use the net proceeds from the private placement to build further momentum for the Company’s commercial ramp-up, for working capital requirements and for general corporate purposes.
ABG Sundal Collier acted as joint bookrunner in the transaction.