ABGSC acted as sole global coordinator and sole bookrunner in the SEK 828 million IPO of Readly on Nasdaq Stockholm

Readly International AB (“Readly”), the European category leader within digital subscription services for magazines, has successfully completed its initial public offering (“IPO”) on Nasdaq Stockholm. The IPO attracted great interest from Nordic and international institutional investors, as well as the general public in Sweden. The IPO generated total demand in excess of SEK 5 billion and was more than 10 times oversubscribed excluding shares acquired by cornerstone investors.
Swedbank Robur, Tredje AP-fonden (AP3), Consensus Småbolagsfond, TIN Fonder, Handelsbanken Fonder, C WorldWide Asset Management, Skandia Fonder and Skandia Liv acted as cornerstone investors. The IPO was priced at SEK 59 per share, equivalent to a market capitalization of SEK ~2.2 billion.