Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 27-09-2016 | Practice Area: | Equity Capital Markets |
| Deal Title: | Nets - Initial Public Offering on NASDAQ Copenhagen | Industry: | Financial Services |
| Description: |
Nets, the Copenhagen based digital payment provider, settled the sale and purchase of offer shares in its IPO on Nasdaq Copenhagen.
The IPO, which traded first on Nasdaq on September 23, brought 42,000 new investors and closed ahead of time. A little more than 10 per cent were allocated to retail investors in Denmark and approximately 90 per cent to Danish and international institutional investors. The free float, representing the proportion of the share capital held by new investors, was to be between 52 per cent and 60 per cent depending upon exercise of an over-allotment option.
Horten advised Nets Management and key employees in the IPO.
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| Financial Center: | Copenhagen | Value: | 1000.01-5000.00 |
| Advised Party: | Issuer | Law Firm | Horten |
| Issuer Jurisdiction- | Denmark | Listing Jurisdiction- | Denmark |
| Classification: |
Initial Public Offerings NASDAQ: Copenhagen |
Lawyer | Henning Aasmul-Olsen |
