Fondia Plc's First North IPO
Fondia Plc was listed on the First North marketplace operated by Nasdaq Helsinki in spring 2017. Trading in Fondia shares started on the Nasdaq First North Growth Market operated by Nasdaq Helsinki Ltd on 4 April 2017.
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Share issue: the Company offered 390,000 new shares of the Company for subscription in a directed share issue ("Offer Shares").
Offering: the Company's shareholders Marianne Saarikko Janson and Mårten Janson offered to purchase a total of 261,000 existing shares in the Company ("Sale Shares" and together with the Offer Shares "Offer Shares") to institutional investors in Finland.
A total of 651,000 shares of the Company were offered in the IPO (share issue and share sale). The actual allocation in the IPO was as follows:
240,000 Offer Shares to individuals and entities in Finland ("Public Offering")
336,000 Offer Shares to institutional investors in Finland ("Institutional Offering")
75,000 Offer Shares to employees of the Fondia Group in Finland, Sweden and Estonia ("Employee Offering")
The subscription price for the Public and Institutional Offering was EUR 7.65 per Offering Share and the subscription price for the Employee Offering was EUR 6.90 per Offering Share. The subscription period for the IPO was suspended due to multiple oversubscription.
Trading in the shares of Fondia commenced on the Nasdaq First North Growth Market operated by Nasdaq Helsinki Ltd on 4 April 2017.The ISIN code of the shares is FI4000232913 and the trading symbol is FONDIA.
Alexander Corporate Finance Ltd acted as lead arranger of the IPO and acts as the Company's Approved Adviser on the First North Market.