Tobii sets IPO price in range of SEK 22 to SEK 25 per share
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13 Apr 2015
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Tobii, the world leader in eye tracking, on Monday announced it has set offer price in the range of SEK 22 to SEK 25 per share for its initial public offering and listing of its shares on Nasdaq Stockholm. The offering comprises between 17,901,000 and 20,101,000 shares offered by Tobii and Selling shareholders, of which Tobii is offering between 16,000,000 and 18,200,000 new shares in such amount as will raise gross proceeds of approximately SEK 400 million, excluding potential Over Allotment Option, and Selling shareholders are offering 1,901,000 existing shares. Based on the offer price in the price range and depending on the final number of shares the market capitalization of the Company’s shares after the completion of the offering, and assuming that the Over Allotment Option is exercised in full, will amount to a minimum of approximately SEK 2.0 billion and a maximum of approximately SEK 2.2 billion. Carnegie is acting as Global Coordinator and is together with ABGSC acting as Joint Bookrunner in the IPO. Vinge is legal advisor to the Company and Baker McKenzie is legal advisor to Global Coordinator and Joint Bookrunners. The application period for the offering to the public in Sweden is expected to start April 14, 2015 and close on April 22, 2015. Trading is expected to begin on April 24, 2015 and the trading symbol of the Company’s share on Nasdaq Stockholm will be “TOBII”. |
| Source: Dion Global Type: IPO Related |
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