Better Collective valued at up to $183m ahead of Stockholm IPO
Better Collective releases prospectus ahead of IPO
The Danish gambling firm Better Collective has published its prospectus for the Stockholm IPO on Monday. Its listing has been set at between 48 and 58 Swedish crowns – which correspond to a total value of all outstanding shares of approximately SEK 1.3 billion – 1.6 billion before the offering.
The eventual offer price will be set by the board of directors in consultation with Nordea and Skandinaviska Enskilda Banken, and will consist of the sale of newly issued shares. Should the offering be increased, existing shares will also be sold. Better Collective is expected to net around SEK 600 million (transaction costs not included) from the issue of new shares.
The first day of trading will occur on 8th June.
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