ABG Sundal Collier acted as joint bookrunner in the SEK 2b directed share issue in BICO Group

The Board of Directors of BICO Group AB has resolved on a directed issue of 4,250,000 series B shares at a subscription price of SEK 480 per share, which means that the Company raises SEK 2,040,000,000 million before transaction costs. The price was determined through an accelerated book building process and corresponded to a 5.6 percent discount against the issue day’s closing price on Nasdaq Stockholm.
As announced on October 1, 2021, BICO entered into an agreement with the shareholders of QInstruments GmbH to acquire all outstanding shares to a purchase price of euro 61.25 million. The Company intends to use the proceeds from the Share Issue to further advance the Company’s acquisition agenda and create financial readiness for new opportunities.