Better Collective has announced the outcome of the initial public offering for its shares and listing on Nasdaq Stockholm.
The Offering was oversubscribed multiple times and attracted strong interest from both Swedish and international institutions as well as the general public in Sweden.
As part of its offering, the price per share in was set at SEK 54, corresponding to a market capitalisation of Better Collective of approximately SEK 2,186 million after the offering.
Reacting to the interest, Jesper Søgaard, co-founder and CEO of Better Collective commented: “We are very happy about the great interest in Better Collective demonstrated by institutional investors across Europe and the Swedish public, not to mention a great number of our own employees and board members.
“To us, this confirms the confidence in our strategy, our continued M&A activities and the potential in our strong position as the leading affiliate within sports betting. The listing is an important step in Better Collective’s continued growth journey whereby we empower even more iGamers around the world.”
Outlining the group’s future aspirations, Jens Bager, Chairman of the Board of Better Collective added: “I am impressed by the level of interest in subscription for shares in Better Collective. The company is well-positioned to leverage the many opportunities in a booming iGaming market, and the listing enables access to capital markets for us to continue the proactive acquisition strategy. With new shareholders on board, I believe Better Collective is in a great position to deliver on future goals.”
