poLight ASA has completed its initial public offering, and is now admitted to listing on the Oslo Stock Exchange under the ticker PLT. Aabø-Evensen & Co has acted as legal advisor to the Managers in connection with the listing process
"We are very excited by the strong support received from both institutional and retail investors. Becoming a listed company is an important step for poLight and strengthens our position as we work towards a commercial breakthrough. We look forward to continuing to develop poLight as a publicly listed company together with our existing and new shareholders," commented Øyvind Isaksen, CEO of poLight.
poLight has developed a new autofocus lens which "replicates" the human eye for use in mobile devices and other applications with integrated cameras. poLight's TLens is ready for introduction in the smartphone camera module market, offering considerable benefits such as extremely fast focus, compact xy-dimension (i.e. small footprint), no electromagnetic interference, low power consumption and constant field of view. poLight is based in Horten, Norway, with offices in Finland, France and China and representation in Taiwan and Korea. For more information visit www.polight.com.
In connection with the listing, poLight raised NOK 130 million in new equity in an offering comprising (i) an institutional offering in which new shares were being offered to investors in Norway and Sweden and other investors subject to applicable exemptions from any prospectus and registration requirements, including QIBs in transactions being exempt under the U.S. Securities Act, and (ii) a retail offering in which new shares were being offered to the public in Norway and Sweden. In connection with the offering, customary lock-ups with management and major shareholders have been entered into and the Managers have been granted permission to conduct customary price stabilization activities, including customary over-allotment and greenshoe-options has been granted to the Managers.
ABG Sundal Collier ASA and Arctic Securities AS are acting as joint global coordinators and joint bookrunners in the Offering. 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 Managers.
To view the stock exchange notice, please click here.