Napatech Launches Private Placement to Raise NOK 200 Million

After the closing time of Oslo Børs on Tuesday, Napatech has launched a private placement in which the technology company will issue up to 9 million new shares. ABG Sundal Collier and SpareBank 1 Markets are acting as facilitators in the issue, which targets selected Norwegian and international investors.

Napatech’s share ended Tuesday at NOK 22.80, after a price drop of 8.1 percent. The subscription price and the final number of new shares to be issued in the magazine have not yet been confirmed.

Based on the closing share price on Tuesday, the company aims to raise around NOK 200 million.

So far this year, Napatech’s share is up 74 percent overall, raised by the company collaboration with the American giant Intel. At the end of April, the share was up to NOK 33.00 – a new high.

In addition to general company purposes, the proceeds will be used to fund growth opportunities arising from the company’s new partnership.

Strong interest

The company says that it has received signs of such great interest in the matter that only existing shareholders can expect to be given shares in the transaction.

Napatech’s largest shareholder pr. 3. can The private equity giant is Verdane Capital with 16.9 percent.

The Sundt family’s Sundt AS is listed with 12.3 percent, and Ludvig Lorentzen AS has 6.7 percent.