Alexandria Pankkiiriliike raises capital through an oversubscribed IPO
Oaklins' team in Finland acted as a financial advisor to Alexandria Pankkiiriliike Oyj in the course of its IPO on Nasdaq First North Growth Market Finland.
The Nordic IPO market has over the past years experienced rapid growth and the number of IPOs continues at a high level. The impact of COVID-19 has to date had a very limited and temporary effect on the market. As interest rates continue to be low, investors keep showing high demand for IPOs of companies who are well managed, possess a good investment and growth story.
A story just like Alexandria's, which was founded in 1996 and has grown into one of Finland's largest investment services companies. Nowadays it offers a diverse range of investment and saving solutions for private customers as well as corporates via its extensive network of branch offices across 30 regions in Finland. Trading of Alexandria Pankkiiriliike Oyj’s shares has commenced on Nasdaq First North Growth Market Finland as of today, May 11, 2021. The IPO of 8 million euros consisted of a share issue of approximately four million euros and a share sale of the same amount. It raised strong interest from both private and institutional investors and ended up being substantially oversubscribed. The company is planning to use the accumulated funds for business development and possible M&A activities.
Oaklins' team in Finland acted as a financial advisor to Alexandria Pankkiiriliike Oyj in the course of its IPO. Alexandria Pankkiiriliike has appointed the Finnish team as its Certified Advisor on Nasdaq First North Growth Market Finland.
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