Setterwalls has assisted SignUp Software AB (“SignUp” or the “Company”) in connection with its listing on Nasdaq First North Growth Market, and in connection thereto a new issue of shares. The trading in SignUp’s shares on Nasdaq First North Growth Market commences on 24 November 2021.
The offering in connection to the listing, which was directed to institutional investors in Sweden and abroad as well as to the general public in Sweden, was heavily over-subscribed. The offering comprised of newly issued shares offered by the Company and adds approximately SEK 175 million to SignUp before deduction of transaction costs. The offering also included an over-allotment option which, provided it is fully exercised, will provide SignUp with an additional SEK 26.3 million before deduction of transaction costs. The price in the offering was set to SEK 80 per share, which corresponds to a market value of approximately SEK 1.8 billion for the total number of shares in the Company after the offering.
SignUp is a fast-growing and profitable software company that offers a comprehensive solution, ExFlow, for accounts payable automation built into Microsoft’s Dynamics ERP. The Company has established itself as a global player with a number of large companies as customers and several partnerships through, among others, TietoEvry, CGI and Columbus.