ABG Sundal Collier acted as Sole Global Coordinator and Joint Bookrunner in the SEK 460 million IPO of Cinis Fertilizer AB on Nasdaq First North Growth Market

Cinis Fertilizer AB (“Cinis Fertilizer”), a company with the mission to produce the world’s most sustainable mineral fertilizer, has successfully completed its IPO on Nasdaq First North Growth Market. 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 October 21, 2022, under the ticker “CINIS”.
Cinis Fertilizer has entered long-term agreements exceeding ten years with key actors in the supply chain. The company has entered agreements with both Northvolt for the supply of residues from electrical car batteries, and Van Iperen International, who will purchase water-soluble potassium sulphate (at a value of around SEK 3.3 billion annually).
Livförsäkringsbolaget Skandia, Ömsesidigt, Molindo Energy, Thomas Ranje, GADD & Cie, Strand Kapitalförvaltning, Cicero Fonder, Poularde, SEB Investment Management as well as certain board members and existing shareholders have acquired shares in the offering for a total amount of SEK 291 million. The IPO was priced at SEK 29 per share, which corresponds to a market value for all outstanding shares in the company of approximately SEK 2,103 million following the completion of the IPO (including the overallotment option).