Setterwalls advised Thunderful Group AB ("Thunderful Group" or the "Company") in connection with the listing on Nasdaq First North Premier Growth Market. The trading in Thunderful Group's shares commenced on 7 December 2020.
The price per share in the offering was SEK 50, corresponding to a total value of the outstanding shares in the Company upon completion of the offering of approximately SEK 3.4 billion. The offering comprised a total of 26,114,100 shares, of which 15,000,000 were newly issued shares by the Company and 11,114,100 were existing shares sold by the Company’s principal shareholders Bergsala Holding AB, Brjann Sigurgeirsson Holding AB, and Lyngeled Holding AB. In order to cover potential over-allotment in connection with the offering, Bergsala Holding AB has undertaken, through an over-allotment option, to sell up to 3,917,115 additional existing shares in the Company, corresponding to up to 15.0 per cent of the number of shares in the offering. Assuming that the over-allotment option is exercised in full, the value of the offering will amount to approximately SEK 1.5 billion, corresponding to approximately 43.8 per cent of the total number of outstanding shares in Thunderful Group upon completion of the offering.
Thunderful Group is primarily a Nordic group of companies active in development and publishing of games and distribution of, i.e., Nintendo products, games, game accessories and toys. Thunderful Group's overall goal is to provide creative entertainment products of the highest quality for people of all ages. With headquarters in Gothenburg and additional offices in Sunderland, Karlshamn, Kungsbacka, Aarhus, Skövde, Helsinki, Helsingborg, Copenhagen, Larvik, Hohenwestedt and Hong Kong, Thunderful Group develops, publishes and distributes high-quality entertainment products with a focus on games based on owned and licensed IPs.