Setterwalls advises Boozt in connection with cross-listing on Nasdaq Copenhagen and offering of DKK 602 million

Boozt AB (publ) (“Boozt”) has carried out a cross-listing on Nasdaq Copenhagen with first day of trading today, 20 November 2020, under the symbol BOOZT N / BOOZT DKK. Boozt’s share is traded on Nasdaq Stockholm since 2017 under the short name BOOZT. As of the cross-listing, Boozt’s share will be traded on both Nasdaq Stockholm and Nasdaq Copenhagen. In connection with the cross-listing, Boozt has carried out an offering of 5,737,085 ordinary shares to the public and institutional investors in Denmark as well as to institutional investors in certain other jurisdictions. The price in the offering was determined to DKK 105 per share, equaling total proceeds of DKK 602 million before transaction expenses.

Setterwalls has acted as legal advisor to Boozt throughout the transaction process. Boozt is a leading, fast-growing and profitable Nordic technology company selling fashion online. The Group generated net sales amounting to SEK 3.4 billion in 2019. Boozt offers its customers a curated and contemporary selection of fashion brands, relevant to a variety of lifestyles, mainly through its multi-brand webstore Boozt.com. Boozt also runs Booztlet.com and Beauty by Boozt in Denmark.