The issue was expanded and the over-allotment option will be exercised, and Oneflow will thus receive approximately SEK 340 million. The subscription price was previously set at SEK 45 per share.
“The first day of trading in our shares is a big and important milestone for Oneflow and we are all very happy and proud of the great interest we have met, both from the public with almost 4,000 subscription applications and from reputable institutions,” says the company’s CEO Anders Hamnes.
The entire company, whose solution gives customers the opportunity to handle contract processes completely digitally, is valued at just over SEK 1.1 billion. Swedbank Robur, Handelsbanken Fonder, Andra AP-fonden, Humle Fonder subscribed for shares totaling SEK 218 million.
“We now look forward to accelerating our geographical expansion plans, further developing the platform and continuing to make the contract management process for all companies faster, easier, more secure and completely digital. We warmly welcome the new shareholders to the next chapter in our growth journey, ”says Anders Hamnes.
A few smaller listings were made in 2022 and Oneflow is one of the largest in the Swedish marketplaces this year to date. The fact that Oneflow now received its money can be interpreted as meaning that the risk appetite is sufficient and that it can make the so-called listing window open further.
At the same time, it should be remembered that the fact that a share offer prior to a listing is oversubscribed is not a guarantee of price success once the listing has been completed. Both Readly and Linas Matkasse (or actually LMK Group) were oversubscribed when they were due in 2021. Since then, they have lost large parts of their market value.
The share was traded around, or just above, the listing price of SEK 45 when trading opened on Friday.