Robit €100 million IPO on Nasdaq OMX Helsinki First North

21/5/2015

IPO

Value:

€ 100 million

Dollar value:

$ 105.935 million

Status:

Completed

Date:

21/5/2015

Overview:

Robit, a Finnish drill manufacturer, launched its €100 million IPO on the Nasdaq OMX Helsinki First North.
It is the first Finnish IPO that applied the cornerstone investor concept in allocating a significant portion of the issue prior to the launch.
Skandinaviska Enskilda Banken (Helsinki Branch) was the underwriter.

Wai Yee Tsang - Journalist

Jurisdictions:

United States
South Korea
Finland

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing law:

Finland

Industry sector:

Industrials and manufacturing

Firms:

Borenius

Party: Robit (Issuer)

Hannes Snellman

Party: Skandinaviska Enskilda Banken AB (Underwriter, Lead manager)

Lawyer: Klaus Ilmonen

Yulchon

Party: Robit (Issuer)

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