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Capital Markets / 13 Jun 2017

Borenius advised the underwriters on Silmäasema’s IPO

We advised Nordea Bank AB (publ), Finnish branch as the global coordinator and joint bookrunner as well as OP Corporate Bank plc as joint bookrunner on the initial public offering and Nasdaq Helsinki listing of Silmäasema Oyj. Trading on Silmäasema’s shares began on 9 June 2017 on the Prelist and on 13 June 2017 on the official list of Nasdaq Helsinki.

The aggregate size of the offering, which comprised a primary issuance by Silmäasema and a secondary sale by Intera Partners Ky II (and certain other selling shareholders), amounted to approximately EUR 65 million. The market capitalisation of Silmäasema at listing was approximately EUR 98 million.

Silmäasema offers all products and services for optical retail and eye healthcare. Silmäasema’s goal is to be the market leader in optical retail and eye healthcare related clinic operations, including cataract and refractive surgeries. The Silmäasema chain has a total of 148 optical retail stores in Finland as well as 13 eye clinics. In addition, Silmäasema has eight optical retail stores in Estonia.

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