“Nasdaq“announced Of Estonia listing of shares of technology company TextMagic and launch of trading on Nasdaq Tallinn Baltic First North Market from December 15, 2021.
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The listing of TextMagic shares follows a public offering of the company’s shares. The total demand for shares reached 49.5 million euros, which was 19.8 times higher than the amount offered. 15,410 investors participated in the public offering.
“Firstly, it is great to see that an Estonian technology company with a truly global reach is raising capital and increasing the number of its investors in our market. Secondly, I am pleased to see a positive trend in the Baltic First North market to help ambitious growth companies raise capital and increase Nelsdaq Tallinn Chairman Karel Ots emphasizes their visibility.
“We decided to become a public company because TextMagic has big growth plans for the next 5-10 years,” said Preat Waikma, CEO of TextMagic. “The main concern in the IT field today is the lack of manpower. The fact that our shares are available on the stock exchange makes the stock option program for liquid employees, but our offer more attractive for new employees,” Waikma said. “By the way, following the signing results during the IPO was more exciting than watching the World Cup final game,” he added.
TextMagic has selected Eversheds Sutherland Ots & Co as its Certified Consultant in the First North Market.
TextMagic is an international text messaging (SMS) service company that helps small and medium-sized businesses stay in touch with their customers through a text messaging platform. It works mainly ASV, The United Kingdom, Canada and Australia. TextMagic enables companies to deliver the customer experience with easy-to-use SMS marketing software for sending notifications, alerts, reminders and confirmations, and implementing SMS marketing campaigns.
The Nasdaq First North market is suitable for growing companies to raise growth capital and promote their full public benefits. In turn, the First North market provides investors with an opportunity to participate in the company’s growth story.
Nasdaq Baltic is a regional securities market that includes Nasdaq Tallinn.Nasdaq Riga“and the Nasdaq Vilnius Stock Exchange, as well as the Nasdaq CSD Central Securities Depository.
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