ABG Sundal Collier acted as Joint Global Coordinator and Joint Bookrunner in the NOK 1.2 billion IPO of SmartCraft

SmartCraft ASA (“SmartCraft” or “the Company”) announced on Wednesday June 23, 2021 the successful completion of its initial public offering (“IPO”) on Oslo Børs. The transaction comprised ~68 million shares, including over-allotment of ~6.2 million shares, at a price of NOK 17.80 (the “Offer Price”), equating to a total transaction size of ~NOK 1,210 million. The Offer Price implies a market capitalisation of around NOK 3 billion.
The IPO, which attracted strong interest from high quality Nordic and international institutional investors, was multiple times oversubscribed and included cornerstone investments from Capital World Investors, Carnegie Fonder and Handelsbanken Fonder.
The shares in SmartCraft will commence trading on Oslo Børs on 24 June 2021 under the ticker code SMCRT.