fbpx

Hello, how can we help you?

Capital Markets / 21 Feb 2019

Borenius advised LeadDesk Plc on its Nasdaq Helsinki First North IPO – our 20th completed listing in less than four years

We advised LeadDesk Plc on its initial public offering (“IPO”) to Nasdaq Helsinki First North Finland. Trading in the company’s shares on First North Finland began on 15 February 2019 and LeadDesk was the first company to list on Nasdaq Helsinki in 2019. The LeadDesk IPO further exemplifies the globally growing trend of public offerings from software-as-a-service (“SaaS”) companies.

LeadDesk is a rapidly expanding and globalising SaaS company operating on the cloud-based software market in Europe. The company offers its LeadDesk cloud service to meet the needs of high-volume sales teams and customer service providers and the company has grown into the leading supplier of sales and customer service software delivered as a cloud service in the Nordic countries. The company’s turnover has grown by an annual average of 46% during the past six years (2012–2018). The company has offices in six countries in Northern Europe and its cloud service is used by over 700 customers in 34 countries.

LeadDesk’s IPO also constituted another milestone for Borenius’ equity capital markets practice, as it marked the 20th completed Nasdaq Helsinki listing for Borenius within a timespan of less than four years. During this time period Borenius has advised clients in a wide variety of listings covering both international and transatlantic IPOs of well-established companies in addition to IPOs and technical listings for exciting emerging technology and growth companies, whose true impact on the global markets still continues to unfold. Borenius is proud to have been able to advice clients in all of these listings of which LeadDesk’s IPO marks the latest materialisation of Borenius’ mission to help our clients shape our common business landscape.

We have a strong track record on Nasdaq Helsinki listings completed from 2015 through 2019 (YTD) measured either by the aggregate volume or the aggregate offering size throughout this time period. During these past four years we have worked on 20 completed Nasdaq Helsinki listings with an aggregate capital raised of over EUR 2.0 billion in these IPOs.

2018 listings

  • Oma Savings Bank Plc issuer’s counsel on the IPO (November 2018)
  • Fellow Finance Plc issuer’s counsel on the IPO (October 2018)
  • Nixu Corporation issuer’s counsel in the transfer from First North to Main list (July 2018)
  • VMP Plc underwriters’ counsel on the IPO (June 2018)
  • Harvia Plc issuer’s counsel on the IPO (March 2018)
  • Altia Plc sole selling shareholder’s (the Finnish Government) counsel on the IPO (March 2018)

2017 listings

  • Gofore Plc issuer’s counsel on the IPO (November 2017)
  • Terveystalo Plc underwriters’ counsel on the IPO (October 2017), being also the largest IPO on Nasdaq Nordic in 2017
  • Silmäasema Oyj underwriters’ counsel on the IPO (June 2017)
  • Robit Plc issuer’s counsel in the transfer from First North to Main list and on the follow-on private placement (May 2017)

2016 listings

  • DNA Plc underwriters’ counsel on the IPO (December 2016), being also the largest IPO on Nasdaq Helsinki in 2016
  • Taaleri Plc issuer’s counsel in the transfer from First North to Main list (April 2016)
  • Siili Solutions Plc issuer’s counsel in the transfer from First North to Main list (April 2016)

2015 listings

  • Consti Group Plc issuer’s counsel on the IPO (December 2015)
  • Evli Bank Plc issuer’s counsel on the IPO (December 2015)
  • Elite Varainhoito Plc issuer’s counsel on the IPO (November 2015)
  • Talenom Plc issuer’s counsel on the IPO (June 2015)
  • Robit Plc issuer’s counsel on the IPO (May 2015)
  • Detection Technology Plc issuer’s counsel on the IPO (March 2015)
Share on LinkedInTweet about this on TwitterShare on Facebook