The interest to subscribe for shares in the company was significant, both through the standard application process as well as for the “first-come first-serve” application procedure, and the Offering was over-subscribed several times.
The price in the offering was set at SEK 33 per share, corresponding to a valuation of the Company of SEK 3,485 million. The offering comprised a total of 16,327,400 existing shares, all of which were offered by the selling shareholders in Paradox, corresponding to approximately 15 percent of the total shares in the company and an offering of SEK 539 million. The Fredrik Wester and Spiltan will continue to be long-term shareholders in Paradox with 33.3 % and 30.5 % of the shares in the Company, respectively.
Trading in the Company’s shares on Nasdaq First North Premier commenced on 31 May 2016, under the trading symbol PDX.
The Paradox Interactive group today includes publishing and internal development of PC-games and licensing White Wolf’s brands. The publishing operation publishes both internally developed titles as well as titles developed by independent studios as well as music and books. The game portfolio today includes of more than 75 titles and Paradox Interactive owns the most important of the brands, including Europa Universalis, Hearts of Iron, Crusader Kings, Cities: Skylines and Magicka.