WH Partners takes the lead role in Malta on the latest prominent online gaming IPO
WH Partners acted as the legal advisor to Aspire Global plc, a Malta public company, on all Malta-related aspects in relation to the listing of the company’s shares on Nasdaq First North Premier in Stockholm, including on the conversion of Aspire Global to a public limited company, dematerialization of the shares with the Malta Stock Exchange and the subsequent affiliation of the shares with Euroclear Sweden, as required for the listing.
Trading in Aspire Global plc’s shares commenced on 11 July 2017.
The initial public offering attracted strong interest from both Swedish and International institutions as well as the general public in Sweden. As a result, the offering was significantly over subscribed. The offering is comprised of approximately 25% of the total number of issued shares in the company (or 29% if the over-allotment option is exercised in full). The value of the IPO is approximately SEK 329M (or SEK 378M if the over-allotment option is exercised in full).
Olga Finkel, Co-Managing Partner at WH Partners, who led the firm’s team in this project, said “This is good news for the gaming industry as it sends out a number of important messages: stability in the industry and markets, strong investors’ confidence in the growth of the industry and the industry’s sound economic fundamentals which are key drivers to investor demand”.