As announced earlier in September, Webstep intends to list their shares on the Oslo Stock Exchange and the terms of the IPO is now released. Subject to approval of the application for listing and successful completion of the Offering, the company is expected to be admitted to trading on 11 October 2017. The indicative price range for the company’s shares is set at NOK 23.75-27.75, corresponding to an equity value of NOK 505-590m
The IPO will comprise of a secondary sale of up to 9,379,870 existing shares in the company and a new issue of NOK 120m, which will be used to pay down long-term debt. Reiten & Co Capital Partners VII L.P will sell up to 6,455,176 shares, equivalent to 55% of their current shareholding.
For further information, please see the stock exchange notice: http://www.newsweb.no/newsweb/search.do?messageId=435320
The Prospectus will, subject to regulatory restrictions in certain jurisdictions, be available at: