ABGSC acted as sole bookrunner in the SEK 110m placement in Flexion Mobile

On Thursday 3 December 2020, Flexion Mobile completed a placement of approximately 7 million new ordinary shares raising gross proceeds of approximately SEK 95 million.
The transaction attracted strong interest from high-quality institutional investors, and was multiple times oversubscribed, the offering was increased by a secondary component where four of the Company’s existing shareholders agreed to sell a total of approximately 2 million existing shares amounting to approximately SEK 17 million. Subscribers in the placement included several well-renowned Swedish and international institutions such as Handelsbanken Fonder, eQ Asset Management and Odey Asset Management.
ABG Sundal Collier acted as financial advisor and sole bookrunner in connection with the transaction