Danish gambling firm Better Collective published its prospectus for a Stockholm IPO on Monday:
The price range for the company’s listing set at between 48 and 58 Swedish crowns. Range corresponds to a total value of all outstanding shares of approximately SEK 1.3 billion–1.6 billion ($148.36 million-$182.59 million) before the offering
The offfer price will be set by board of directors in consultation with Nordea and Skandinaviska Enskilda Banken. The offering will comprise a sale of newly issued shares and, if the offering is increased, existing shares will also be sold. The issue of new shares is expected to provide Better Collective with approximately SEK 600 million before deduction of transaction costs
Over-allotment option of up to 2.33 million shares issued to investment banks. If over-allotment option is fully exercised, Better Collective expects to receive additional proceeds of up to approximately SEK 116 million
First day of trading will be June 8.