Norwegian videoconferencing provider Pexip Holding has announced that it will seek a listing on the Oslo Stock Exchange, according to an article on the Finansavisen.no website. The company’s customers include 15 percent of Global Fortune companies. ABG Sundal Collier, Carnegie and Pareto Securities are acting as brokers. The listing could value it at NOK 6.2 billion, said the newspaper report.
Four institutional investors have already pledged to buy more than 1 billion shares in the company, said Finansavisen, citing the newspaper Dagens Naeringsliv. Pexip is planning to issue new shares worth approximately USD 100 million, said Finansavisen. The IPO proceeds will be used to fund growth, including investment in sales and marketing, as well as product development. […]