Aspire Global files its application for listing of its shares on Nasdaq First North Premier

Business News

Today Aspire Global filed its application for listing of its shares on Nasdaq First North Premier and published its prospectus while announcing the price for its share to be SEK 30.

The offering is directed towards the general public in Sweden and to institutional investors in Sweden and internationally. Approximately 25 percent of the outstanding shares, upon completion of the transaction, are offered to the market and corresponds to a total value of approximately SEK 330 million. A fifth of the offered shares are newly issued and the net proceeds from the new issue are mainly supposed to finance acquisitions and investments in the Company’s current pipeline and future opportunities, such as explore and expand into new markets, continue investing in the Company’s technical platform as well as strengthen the Company’s organisation through recruitment, primarily to the Company’s technology and product development departments.

Background to the Offering.

Since 2014, Aspire Global has focused on strengthening its position within the industry by developing and improving its B2B offering as well as growing its proprietary brands. Aspire Global has during this time managed strong growth with very limited marketing expenditure towards new partners. Aspire Global, the Board of Directors and the selling shareholders believe that the Company is now in a position to leverage the strong platform and position established during the last few years to accelerate Aspire Global’s growth. Among other things, the Offering and subsequent listing of the Company’s shares on Nasdaq First North Premier are expected to strengthen Aspire Global’s recognition and brand awareness among players, partners, investors, employees and the sector in general as well as provide access to capital in order to finance Aspire Global’s growth strategy. The listing will also enhance the ability of Aspire Global to use its shares as currency in future acquisitions.

Tsachi Maimon, CEO comments:

“We have built and refined a unique business model that has enabled us to reach an attractive market position in Europe. Going forward we will continue to focus on growth and exploit future business opportunities, as more and more gaming markets becomes regulated. Since the beginning of this year, we have signed agreements with nine new operators while negotiations.