Shares in tech company Silex Microsystems are soaring in Thursday's opening trade on Nasdaq Stockholm. The offering to subscribe for shares in the company met with very strong interest from Swedish and international institutional investors, as well as the general public in Sweden and Finland. The offering was several times oversubscribed.
The subscription price was set in advance at SEK 81 per share, corresponding to a post-money valuation of SEK 8.9 billion for all shares in the company.
The offering consisted of 24.60 million shares, split between 12.35 million newly issued shares and 12.25 million existing shares.
The newly issued shares provide Silex with gross proceeds of SEK 1.0 billion before issuance costs of SEK 65 million.
The total value of the offering amounted to SEK 2.0 billion. In connection with the IPO, Silex welcomes 14,000 new shareholders to the company.
Cornerstone investors include Creades, AFA Försäkring, AP3, Capital Research Global Investors, Swedbank Robur Fonder, AP4, AP2, Fidelity International, and Carnegie Fonder, who together subscribed for shares worth SEK 1.5 billion. Bure is also a major shareholder in Silex.
Silex shares have so far today traded at a high of SEK 184 and a low of SEK 150. As of 09:07, the last price paid was SEK 184, an increase of 127 percent compared to the subscription price of SEK 81. Shares worth SEK 121 million have changed hands.
Creades publ AB is a Sweden-based investment company. The Company invests in small and medium-sized Swedish companies with objective to create value through development and restructuring. As of February 22, 2012, the Company’s portfolio consisted primarily of listed shares (60%) and unlisted shares (30%). As of February 21, 2012, the Company’s portfolio included shares of such listed companies, as Avanza Bank (29%), Concentric (8%), Haldex (7%), Bilia (6%), Lindab International (4%), eWork Scandinavia (3%), as well as such unlisted companies, as Carnegie (12%), Klarna (6%), GLOBAL Betterier (3%) and Acne Jeans (3%), among others. As of December 31, 2011, the Company was a wholly owned subsidiary of Investment AB Oresund. In July 2013, 30% of the Company's net asset value was transferred to Sedarec AB.
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
-
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
-
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
-
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
-
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
