We’ll soon be able to take a more accurate look at the Better Collective share price as it began trading on Nasdaq Stockholm this week under the ticker “BETCO”. A settlement is expected on 12th June, 2018.
“We welcome Better Collective to Nasdaq Stockholm, where it will join a number of peers within the iGaming industry,” said Adam Kostyál, SVP and Head of European listings at Nasdaq. “We continue to see a strong inflow of iGaming companies looking to leverage Nasdaq Stockholm as a platform for continued growth, and today’s listing of Better Collective underlines that trend.”
Better Collective A/S (“Better Collective” or the”Company”), a top affiliate at the European iGaming marketplace, announced the results of the first public offering of its shares and list on Nasdaq Stockholm (the”Offering”). The Offering was over-subscribed numerous occasions. It attracted strong attention from both British and worldwide associations and the general public in Sweden.
Before taking a more in depth look into the Better Collective share price, here is a break down of the initial offering:
The Offering in short
- The cost per share from the Offering was established at SEK 54, corresponding to a market capitalisation of about SEK 2,186 million following the Offering.
- The offering consisted of 12,174,485 shares, of which 11,111,111 brand new shares were issued from the business. The residual 1,063,374 present stocks were provided by Bumble Ventures A/S (the”Selling Shareholder” 1). The Offering of stocks provides Better Collective with gross profits of about SEK 600 million.
- To pay any over-allotments from the Offering, the business has given the Joint Global Coordinators that an choice to ask that the business issues up to also 1,826,172 stocks, corresponding to max 15% of their entire amount of stocks in the Offering. The over-allotment alternative is exercisable, in whole or part, for a duration of 30 days in the initial day of trading of these stocks on Nasdaq Stockholm.
- Assuming a complete practice of this over-allotment alternative, the worth of this awarding amounts to about SEK 756 million, corresponding to about 35 percent of the entire amount of outstanding stocks in Better Collective upon completion of this Offering.
More information on Better Collective Share Price
Jesper Søgaard, CEO of Better Collective A/S
Flemming Pedersen, CFO of Better Collective A/S
Tel: +45 2622 1750
This information is such information as Better Collective A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 8.00 a.m. CET on June 8, 2018.
Through the sales, Thomas Høgenhaven indirectly sold 604,187 shares, Camilla Wissing Bille indirectly sold 226,439 shares, Henrik Lykkesteen indirectly sold 34,614 shares and an additional person indirectly sold 198,134 shares. The sales were carried out by way of such shareholders selling shares that were to be sold in the Offering to the Selling Shareholder. Thus, all existing shares that were included in the Offering were offered by the Selling Shareholder.