Software specialist to conduct offering of new shares to raise NOK 300m (€32m)
Channelnomics EU has reported news of our intention to launch an IPO on the Oslo Stock Exchange.
As Josh Budd explains, ‘The Norwegian firm’s investor, equity house Norvestor, intends to shrink its ownership of Crayon through a secondary sale of its shares as part of the IPO, but plans to remain a shareholder once the IPO has completed.’
This, he says, will see Crayon conducting ‘an offering of new shares’ and ‘raising gross proceeds of around NOK 300m (€32m) in order to fuel its growth strategy, which will likely include M&A’.
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