ABGSC acted as Joint Global Coordinator and Joint Bookrunner in the NOK 1,840 million private placement in EcoOnline Holding AS and subsequent listing on Euronext Growth

EcoOnline Holding AS (“EcoOnline” or “the Company”) announced on Friday 19 March 2021 the successful placement of 73.6 million shares at a price of NOK 25.00 per share, raising in total NOK 1,840 million (the “Private Placement”).
The Private Placement raised gross proceeds to the Company of NOK 500 million and NOK 1,100 million in gross proceeds to the selling shareholders. In addition, 9.6m shares was over-allotted (15% of the base deal), resulting in a total IPO transaction size of NOK 1,840 million. Based on the offer price, the post-money equity value is approximately NOK 4.1 billion. The Private Placement, which attracted strong interest from leading Nordic and international institutional investors, was substantially oversubscribed and included cornerstone investments from Premier Miton Investors, Swedbank Robur, funds managed and advised by Capital World Investors, Ophir Asset Management and Didner & Gerge Fonder.
The net proceeds to the Company will be used to strengthen the Company’s inorganic growth capabilities and for general corporate purposes.
EcoOnline has applied for, and will, subject to the necessary approvals from the Oslo Stock Exchange, list its shares on Euronext Growth. The first day of trading on Euronext Growth is expected to be on or about 24 March 2021, and the Company will trade under the ticker code ECO.