Rug Vista: IPO in March
In a press release, Rug Vista announced its intention to list its shares on Nasdaq First North Premier Growth Market, a stock exchange for smaller European companies. First day of trading is expected to be 18 March.
The IPO comprises 10,383,535 existing shares, corresponding to approximately 51.2% of the total number of outstanding shares in the company and a total value of approximately SEK 1.1 – 1.3 billion, which are being offered by the principal shareholder Litorina and a few other shareholders.
According to the press release, the IPO will "broaden the company’s shareholder base and give Rug Vista access to the Swedish and international capital markets". This is considered to support the company’s continued growth and development.Carpet Home-Newsletter: Click here for free newsletter subscription