ABGSC acted as Joint Global Coordinator and Joint Bookrunner in the NOK 6,902 million IPO of LINK Mobility Group – The largest Nordic IPO in 2020 and top three largest IPO in Norway last 10 years.

LINK Mobility Group ASA (“LINK” or the “Company”) announced on Wednesday 21 October 2020 the successful completion of its initial public offering (“IPO”) with trading on Oslo Børs commencing the same day.
The IPO will support LINK’s strategy and growth plans, including acquisitions, investments in go-to-market initiatives and continued expansion of the CPaaS platform. Furthermore, the IPO will allow the Company, as a listed business, to increase its profile and build a new long-term shareholder base. The transaction attracted strong interest from a global investor base, and was more than 10 times oversubscribed excluding shares pre-allocated to cornerstone investors. LINK was previously listed on Oslo Stock Exchange, but was taken private by the private equity firm Abry Partners in 2018, where ABG Sundal Collier acted as financial advisor to Link Mobility.
The shares in the IPO were priced at NOK 47.00 per share, equivalent to a market capitalization of approximately NOK 12.6 billion after issuance of new shares. LINK issued 53 million new shares in the IPO, raising gross proceeds of approximately NOK 2.5 billion, and existing shareholders sold 75 million shares, for a total of NOK 3.5 billion. In addition, 19 million shares were over-allotted (~15% of base deal), resulting in a total IPO transaction size of NOK 6.9billion, making it the largest Nordic IPO in 2020. Following completion of the IPO, LINK will have approximately 1,300 shareholders and a free float of approximately 55%.