ABG Sundal Collier acted as Joint Global Coordinator and Joint Bookrunner in the NOK 150m directed share issue in IDEX Biometrics

On Wednesday 16 November 2022, Idex Biometrics announced the successful completion of a directed share issue of 150 million shares at a price of NOK 1 per share, raising proceeds of NOK 150m The Private Placement attracted strong interest from high-quality institutional investors and was significantly oversubscribed. The price was determined in an accelerated book building process and corresponds to a 2% discount versus the closing price on 16 November 2022.
IDEX Biometrics is a leading provider of fingerprint identification technologies offering simple, secure and personal authentication for all. The technology is used for helping people make payments, prove their identity, gain access to information or unlock devices.
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.