[ad_1]
Airthings will sell shares for NOK 870 million before the company goes public.
Airthings leads Øyvind Birkenes together with investor and board member Aksel Lund Svindal at the company’s Oslo premises.
Siv Dolmen
Published:,
The growing company Airthings, which is behind a series of advanced radon and air quality meters, has targeted an IPO.
On Tuesday, the company, where Aksel Lund Svindal is an investor and a member of the board, announced it will sell shares for NOK 870 million before listing on the Merkur Market of the Oslo Stock Exchange.
Read on E24 +
Aksel Lund Svindal has invested in Airthings: – I am willing to take risks if I understand the risk (+)
The sale price of the shares is set at NOK 13.50 per share. This is worth NOK 1.79 billion for the entire company, before the capital raising is completed.
The share sale consists of an issue of new shares for NOK 500 million and, in addition, a group of today’s largest owners will be sold for around NOK 365 million. Board members and management will also sell shares, the company reports.
The money from the sale of new shares will be used, among other things, for growth investments. In advance, several so-called fundamental investors have agreed to subscribe for shares totaling at least NOK 400 million.
The investors are Storebrand Asset Management, KLP Kapitalforvaltning, DNB Asset Management, Eika Kapitalforvaltning, Handelsbanken Fonder and CentraGruppen.
also read
Airthings sells for 80 million on Amazon this year
