Global Gaming 555 Approved For Listing on Nasdaq First North
02 Oct 2017
Following Global Gaming 555 AB’s intention to list the company’s shares on Nasdaq First North to support its continued growth and development, the company has now published a memorandum summarising the business and offering in the issue.
A summary of the details:
- The offer is aimed at the public in Sweden and institutional investors, and includes an issue of no more than 1,000,000 shares. At full subscription, the issue will raise 22,000,000 SEK before issue costs.
- Minimum subscription is 250 shares, corresponding to SEK 5500, with a subscription price of SEK 22 per share.
- The subscription price corresponds to a company valuation of approximately SEK 850,000,000 (pre-money).
- The registration period will take place from 2nd October to 11th October 2017.
- Liquid day calculated on October 16, 2017.
- Preliminary first trading day on Nasdaq First North is 19th October 2017.
The timing of the Offer’s implementation depends on the completion of a number of administrative processes. Global Gaming’s target is for the first day of trading to commence on 19th October 2017.