Storytel today announced the successful completion of a directed issue of approx. 8.8 million new shares at a subscription price of SEK 45.50 per share, raising gross proceeds of SEK 400 million. The directed share issue was significantly oversubscribed, and a large number of Swedish and international institutional investors participated, including EQT Public Value, the Finnish strategic investor Otava, C Worldwide Asset Management, Richard Båge and Roxette Photo NV.
The transaction marks the sixth consecutive share issue by Storytel that has been coordinated by ABG Sundal Collier, and in total more than SEK 3.3 billion of equity has been raised over the past six years.
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