ABG Sundal Collier acted as Joint Global Coordinator and Joint Bookrunner in the SEK 2.1 billion IPO of Acast on Nasdaq First North Premier Growth Market

Acast AB (publ) (“Acast”), the global independent power source of podcasting, has successfully completed its initial public offering (“IPO”) on Nasdaq First North Premier Growth Market. The IPO attracted great interest from Nordic and international institutional investors, as well as the general public in Sweden, and was heavily oversubscribed. Trading commenced on 17 June 2021.
Alecta, Första AP-fonden, Handelsbanken Fonder, Kuvari Partners LLP, and Lugard Road Capital, a fund managed by Luxor Capital, were cornerstone investors in the transaction. The IPO was priced at SEK 38 per share, which corresponds to a total value of approximately SEK 6.9 billion for all outstanding shares in Acast after the completion of the IPO (including the overallotment option).
The IPO marks the 4^th consecutive transaction since 2017 where ABG Sundal Collier acts as financial advisor to Acast, raising in total approximately SEK 2.3 billion in equity, of which SEK 700 million through private placements.