ABGSC acted joint bookrunner in the NOK 1,144m directed issue in Nordic Semiconductor

On Tuesday 8 September, Nordic Semiconductor announced the successful completion of a directed issue of NOK 1,144 million in gross proceeds through the allocation of in total 13,000,000 new shares at a price of NOK 88.00 per share. The offering attracted very strong interest from high-quality institutional investors globally and the book was multiple times oversubscribed. The net proceeds from the offering will be employed to support the company’s continued growth trajectory, including working capital requirements and supply chain enhancements, ramp-up new Tier 1 customers, strengthen the balance sheet, continue investments to expand product portfolio for existing and future growth opportunities as well as to pursue potential bolt-on M&A opportunities.