Acarix has raised SEK 140 million before transaction costs through a well-oversubscribed share issue in connection with the initial public offering listing on Nasdaq First North Premier.
The offering was directed to institutional and professional investors as well as to the public in Sweden and Denmark. Due to the large interest, allotment of new shares has been made to around 1,200 new shareholders among 3,000 applicants.
First day of trading of the company’s shares on Nasdaq First North Premier in Stockholm is expected to be December 19, 2016. After the new share issue has been registered at Bolagsverket (the Swedish Companies Registration Office), the total number of shares in Acarix will increase by 7,960,000 to 23,027,376 representing an increase of the share capital and votes of 53 per cent.