How to IPO virtually

You might think it’s crazy for a company to consider listing on the public market during the coronavirus pandemic, but think again.

The company, now listed on the Norwegian stock exchange Oslo Børs, has around 240 employees and had raised a total of $25m prior to being listed in May 2020. Oslo Børs is part of the pan-European stock exchange Euronext, which covers Norway, Belgium, France, Ireland, the Netherlands, Portugal and the UK.

Pexip, a Norwegian software company specialising in video conferencing, has broken a fourth wall of sorts by undergoing an IPO virtually. It’s not only defied the downturn, but also paved the way for how other companies could list publicly in the future.

The company, now listed on the Norwegian stock exchange Oslo Børs, has around 240 employees and had raised a total of $25m prior to being listed in May 2020. Oslo Børs is part of the pan-European stock exchange Euronext, which covers Norway, Belgium, France, Ireland, the Netherlands, Portugal and the UK.

Pexip joins approximately 1,500 other listed companies within the exchange, which includes around 500 other tech firms. Euronext supports companies through the initial public offering (IPO) journey, from accessing capital raising opportunities, advising them on the listing process and enhancing their visibility. It’s built up a whopping €3.3tn in market capitalisation which offers huge opportunities for listed companies, including further growth and internationalisation, increased visibility and liquidity to their shareholders. […]

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