ABGSC acted as Joint Global Coordinator and Joint Bookrunner in the NOK 767 million private placement in Huddly AS and subsequent listing on Euronext Growth

Huddly AS (“Huddly” or “the Company”) announced on Tuesday 9 February 2021 the successful placement of 49,500,000 shares at a price of NOK 15.50 per share for a total transaction size of approx. NOK 767 million (the “Private Placement”). The Private Placement raised gross proceeds to the Company of approx. NOK 296 million and approx. NOK 471 million in proceeds to certain existing selling shareholders. Based on the offer price, the postmoney equity value is approx. NOK 3.3 billion. The transaction attracted significant interest and was more than 15 times oversubscribed excluding shares pre-allocated to cornerstone investors.
The net proceeds to the Company will be used for an acceleration of R&D, integration with partners, working capital related to higher volumes, potential M&A, strengthening the balance sheet and general corporate purposes.
Huddly 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 15 February 2021, and the Company will trade under the ticker code HDLY.