We represented Robit Plc when it transferred from Nasdaq Helsinki’s First North marketplace to the main market on 17 May 2017. Subsequently, on 23 May 2017, we also advised Robit on an accelerated book-built offering where Robit offered 5 million new shares and the main shareholder 2 million existing shares to institutional investors. The total gross proceeds of the accelerated book-built offering were approximately EUR 70 million.
Robit was previously listed on the First North marketplace for almost two years, during which time the company grew extensively both organically and through acquisitions. Robit sells and provides maintenance services for drilling consumables for applications in mining, construction and contracting, tunneling and well drilling to global customers. Robit has 21 sales and service points worldwide as well as active sales networks in 115 countries. The manufacturing units are located in Finland, South Korea, Australia, the UK, and USA.