November 30, 2022
The outcome of the Tamtron Group OYJ’s initial public offering (IPO) on Nasdaq First North Growth Market Finland was announced on November 24, 2022. The IPO exceeded expectations and the company received the capital it applied for in the listing.
The IPO in brief:
- The subscription price in the IPO was EUR 6.28 per share, corresponding to a market value of approximately EUR 41 million after the IPO.
- 1,916,262 new shares were issued in the IPO, which corresponds to about 29.7 % of the company’s share capital after the IPO.
- The number of subscriptions made in the share issue totalled approximately EUR 12 million.
- Trading on Nasdaq’s First North marketplace is expected to begin approximately December 2, 2022, under the ticker “TAMTRON”.
Translink Corporate Finance Finland acted as Tamtron’s financial advisor in the IPO project and will continue as the company’s approved advisor (Certified Advisor) to assist it in fulfilling the disclosure obligation and other marketplace obligations.
Mikko Keskinen, CEO of Tamtron said, “A big thank you to Translink’s talented team for their help during the listing process – at every step of the way! This listing enables us to grow our business even faster. I warmly recommend Translink as an experienced and competent advisor to anyone considering a similar process.”
“I am very satisfied with Translink’s efforts as an advisor on this IPO project. An IPO is a challenging process as it involves many multifaceted issues, from marketing to financial statement numbers. Translink maintained good control of the big picture, yielding a highly successful result. As has been seen this year, only the strongest and most successful companies in their field, paired with the most competent advisors are able to make it to the end of the process. We are particularly pleased with the anchor investors who have joined us, whose values are the same as ours and with whom we share a common vision of future success. I would gladly recommend Translink for similar projects,” said Pentti Asikainen, Tamtron’s principal owner and chairman of the board.
“The past year has been weak in terms of IPOs but based on the feedback we have received from investors, the stock market’s door is always open to good companies, such as Tamtron. Strong anchoring, careful preparation and a solid process produced the desired outcome. We congratulate the company for the trust it has received from investors,” concluded Jari Lauriala, CEO of Translink Corporate Finance in Finland.
Contact our Team Members advising in this transaction:
Translink Corporate Finance is an independent partnership of firms dedicated to Corporate Finance and M&A advisory services through over 35 offices in the key markets in Europe, North and South America, Asia, Australia, and Africa. Translink has been successful in advising clients on thousands of transactions since its founding in 1972 and Translink offices have acted as advisers in over 100 M&A projects during the last twelve months.
Translink Corporate Finance Finland, based in Helsinki, is one of the leading M&A boutiques in the Finnish market. Since its foundation more than 15 years ago, their partners completed more than 100 M&A transactions in different industries working closely together with business partners and industry players, both locally and internationally. In addition, Translink Finland is a Certified Adviser on NASDAQ OMX First North.