RVRC Holding AB (publ) (“RevolutionRace”), a profitable and fast-growing company offering high-quality functional apparel, has successfully completed its initial public offering (“IPO”) on Nasdaq Stockholm. The IPO attracted very strong interest from Swedish and international institutions as well as the general public in Sweden. The IPO was heavily oversubscribed.
Trading commenced on 16 June 2021, under the ticker “RVRC”.
Funds and accounts under management by direct and indirect investment subsidiaries of BlackRock, Inc., Funds managed and advised by Capital World Investors, Handelsbanken Fonder AB on behalf of investment funds under management, Lancelot Asset Management AB, Ophir Asset Management Pty Ltd and Swedbank Robur Fonder acted as cornerstone investors in the transaction. The IPO was priced at SEK 75 per share, which corresponds to a total market value of all outstanding shares of RevolutionRace to SEK 8,469 million after the completion of the IPO.
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