9 October 2015

Gernandt & Danielsson advised the underwriters in the CLX Communications IPO

Gernandt & Danielsson has advised Carnegie and Handelsbanken Capital Markets in connection with the listing of CLX Communications AB (publ) (“CLX”) shares on Nasdaq Stockholm.

The offering consisted of 12,545,711 existing share, corresponding to 38.7 per cent of the total number of shares in CLX and was directed to both Swedish and international institutional investors as well as the general public in Sweden. The final price of the offering was set at SEK 59 per share, resulting in a market value of CLX of SEK 1,914 million. In order to cover any over-allotments, the principal selling shareholders have granted an over-allotment option. If the over-allotment option is exercised in full, the offering will comprise approximately 44.4 per cent of the total number of shares in CLX.

CLX is a leading provider of cloud-based communication services and solutions to companies and mobile operators, with particular strength in the A2P messaging market to companies. CLX’s internally developed software-based communication platform enable companies to securely and cost-effectively send business-critical information globally to, customers’ and employees’ mobile phones.

Carnegie and Handelsbanken Capital Markets acted as Joint Global Coordinators and Joint Bookrunners in connection with the offering.
Gernandt & Danielsson advised the Joint Global Coordinators and Joint Bookrunners with a team consisting of Partner Carl Westerberg, Senior Associate Leo Lee and Associate Aleksander Källkvist.

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