Emperor beer manufacturer is applying for funding of EUR 10 million from stock market investors

Beer Nokia Brewery, a manufacturer, says she is applying for funding of EUR 10 million through listing.

The brewery company announced his intentions to listed on the Helsinki Stock Exchange First North Growth Market Finland marketplace a month ago.

The Nokia Brewery’s listing of the Nokia Brewery started on Tuesday and Ann is expected to end on 28 March. The company provided details of their listing on Monday night before the launch of the listing.

The company offers a significant preliminary up to four million shares in the issue at a subscription price of EUR 2.50. Most of the shares offered are reserved for institutional investors.

Nokia Brewery’s listing is about this year’s first year, where the company is seeking funding from investors with Ann.

This year, after a long quiet season, has begun promisingly in the list of listing in the Helsinki Stock Exchange. After the listing of the Nokia Brewery, new blood on the stock exchange is about to get infrastructure GRK Infra.

Last week, GRK announced that it was planning a listing on the main list of the Helsinki Stock Exchange. GRK’s listing is intended to consist of a list of about EUR 30 million and the share sales of current owners.

In April, the stock exchange is going to the defense company’s sum of Defense with the help of a complicated ownership arrangement without any benefit.

Last year, only a few new companies went to the stock exchange through technical listings or business distribution. None of them applied for new funding on the stock market, which is generally considered to be the main task of the stock exchange.

Nokia The brewery says that its market value would be approximately EUR 15.2 million at the subscription price of Ann. Thus, as a result of the listing, the market value of the company would increase to over EUR 25 million.

Ilmarinen, Elo and Varma, and funds managed by management companies Aktia, UB and Proprius Partners, are promised to be anchor investors in the listing derivative.

Anchor investors are committed to marking shares in a total of about EUR 6.8 million, or about 68.2 % of the shares offered.

The company’s current shareholders do not sell shares in connection with the listing.

The purpose of the Nokia Brewery is to use the funds raised at Ann, mainly to finance growth investments and to strengthen the company’s capital structure.

If the listing is successful, trading at the company’s share is scheduled to begin in April on the Helsinki Stock Exchange.

Nokia The brewery is the second largest small brewery in Finland and the fifth largest brewery. The brewery is known for its Emperor beer and Sun’n flap drinks.

The company manufactures all its products in Nokia, where the headquarters also houses. Nokia Brewery currently has nearly 2,000 shareholders.

Last year, the company’s sales volume had a total of more than 8.3 million liters and net sales of EUR 11.9 million.