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Th1ng aims to raise SEK 35 mln in IPO

Tuesday 1 June 2021 | 13:00 CET | News
Swedish IoT provider Th1ng is planning an Initial Public Offering (IPO) of shares, with plans to list on the Nasdaq First North Growth Market. A subscription period runs from 31 May until 10 June and if fully subscribed, the issue will raise SEK 35 million gross. The subscription price is SEK 11 per unit and it has commitments for about 48.5 percent from the board, management, existing shareholders and a consortium of external investors.

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Categories: Mobile & Wireless
Countries: Sweden
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