poLight ASA has announced its intention to launch an initial public offering (the "IPO") of its shares and to apply for a listing on Oslo Børs, alternatively Oslo Axess
poLight is a Norwegian company about to introduce a photographic lens based on new, innovative technology to the market for mobile devices and other applications with integrated cameras. The company's proprietary and patented technology, TLens, replicates the lens of the human eye, enabling new user experiences and easing the implementation of autofocus functions for various applications.
“The planned IPO will position us to advance ongoing dialogues with smartphone, barcode and AR OEMs towards one or more design-wins, enable a subsequent ramp-up of our operations, and to continue to develop our unique TLens technology.” Says Øyvind Isaksen, CEO of poLight.
The IPO will consist of an issue of new shares with a market standard over-allotment facility.
ABG Sundal Collier ASA and Arctic Securities AS are acting as Joint Global Coordinators and Joint Bookrunners in the IPO. In addition, Nordnet Bank AB is acting as placing agent in the retail offering on behalf of the managers.
Aabø-Evensen & Co Advokatfirma AS is acting as legal advisors to the Joint Global Coordinators.
To view the stock exchange notice, please click here