Azelio announced its intention to list the company's shares on Nasdaq First North
Post date: 12/11/2018 - 20:26
Swedish Azelio AB, a technology company that offers a system of stirling engine-based concentrated solar power with thermal energy storage, announced its intention to list the company's shares on Nasdaq First North and to raise capital through an issue of new shares, in order to finance continued growth of the company. The offering is directed to existing shareholders, the general public in Sweden and institutional investors in Sweden and internationally.
The offering is expected to be conducted at a fixed price of SEK 22 ($2.41) per share, corresponding to a total market value of the company's shares of approximately SEK 690 million ($75.8 million) prior to the offering. The company expects proceeds of approximately SEK 300 million ($32.9 million) before transaction costs.
Nasdaq First North is a division of Nasdaq Nordic and an alternative stock exchange for smaller companies in Europe.