Initial Public Offering (IPO) 2020

The Initial Public Offering (“IPO”) of Bilot Plc (”Bilot” or ”Company”) on the Nasdaq First North Growth Market Finland marketplace has been over-subscribed and the Board of Directors decided to discontinue the subscription period as per the terms of the IPO on the first possible moment on Friday 6 March 2020 at 16.30 (EET).

Trading on Nasdaq First North Growth Market Finland (“First North”) began on Tuesday 17 March 2020.

The company offered a preliminary maximum of 1,054,726 new shares. Due to the oversubscription of the offering, the Board of Directors decided to exercise the over-allotment option as described in the terms and conditions of the IPO, increasing the number of offer shares offer by a maximum of 149,254 new shares in the company.  The company is issuing 1,203,980 new shares as follows:

  • 374,781 shares to to private individuals and corporations in Finland (”Public Offering”)
  • 729,697 to institutional investors in Finland and abroad if the requirements of local regulations are met (”Institutional Offering”)
  • 99,502 shares to employees in permanent employment or service relationships with the company or its wholly owned subsidiaries during the subscription period as well as to the members of the boards and management teams of the company and its wholly owned subsidiaries (”Personnel Offering”)

The IPO was oversubscribed 5.3 times in total not including the over-allotment. Proportionally to the preliminary number of shares, the public offering was oversubscribed 18.7 times, the institutional offering 3.4 times and the personnel offering 1.3 times.

The subscription price of the offered share was EUR 6.70 per share in the public offering and institutional offering and EUR 6.03 per share in the personnel offering. The valuation of all of the company’s shares collectively, based on the subscription price of the public offering and institutional offering is about EUR 24.9 million immediately after the IPO.

The certified advisor and place of subscription of the IPO was Alexander Corporate Finance Oy. Nordnet Bank AB, Finland Branch (“Nordnet”) was also the place of subscription in the public offering and institutional offering (www.nordnet.fi/fi/bilot).

Bilot – the  pioneer of digital business

Bilot is a Finnish software and IT service company that provides its customers with a strategic competitive advantage by helping them build the ultimate digital customer experience. Bilot offers its customers a comprehensive range of digital services and solutions for different phases of the customer path, as well as intelligent sales and marketing tools powered by artificial intelligence and analytics. Recognized for its top exertise, Bilot enjoys a strong market position in Finland in the fields of leading software platforms and key technology ecosystems (including SAP and Microsoft) as well as integrating them into a seamless part of the customer’s business operations.

Bilot’s strengths and competitive advantages

  • Bilot operates in a growing market.
  • Bilot has a wide and growing customer base.
  • Bilot has a diverse service portfolio and strong partnerships.
  • Bilot invests in growth.
  • Bilot staff members are experienced and committed specialists in their own field.

Objectives of listing the share

The objective of listing is to support growth, an expanding the service offering and internationalisation of the company in accordance with the company’s strategy.  The listing will also enable the use the company’s shares as payment in future acquisitions, acquiring finance on the capital market and further developing company recognition and reputation.

Important dates

The IPO subscription period began2 March 2020 at 9.30 a.m.
The IPO subscription period was suspended 6 March 2020 at 4.30 p.m.
The result of the IPO was published9 March 2020
The first trading day on the First North17 March 2020

Materiaalit

 

You have Successfully Subscribed!

Important information

You must read the following before continuing. The following applies to the information following this page, and you are therefore advised to carefully read and approve the following before reading, accessing or making any other use of the following information.

Bilot Oyj’s IPO shall be governed by the laws of Finland. No action has been taken, except solely in Finland, in order to register the shares or the IPO or for the general offering of shares.

The shares may not be, directly or indirectly, offered, sold, resold, transferred or delivered in such countries or jurisdictions or otherwise in such circumstances in which it would be unlawful or require measures other than those required under Finnish laws including the United States of America, Australia, Canada, Hong Kong, Japan, Singapore and South Africa. The documents on this site or the company description in accordance with the First North rules may not be delivered to persons in the above-mentioned countries and must not be copied in any way whatsoever. The company requires that the respective persons inform themselves of and observe all such restrictions. The company or the company’s representatives do not have any kind of legal responsibility for such violations whether or not such restrictions were known to prospective investors. The company reserves the right to, in its sole discretion reject any type of share subscription, which the company believes would cause the violation or breach of legislation, rule or regulation.

The shares of the Company have not been and will not be registered in accordance with the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

In order to access the information related to the IPO, you must approve the following:

(i) I have carefully read and understood the instructions and restrictions described above and I approve that they are applicable to me.

(ii) I am not resident of United States, Australia, Canada, Hong Kong, Japan, Singapore or South Africa and I am currently not in these countries.

(iii) If I am resident of any other country than Finland or if I am currently in any other country than in Finland, I have obtained the necessary information about the restrictions applicable to the delivery of this information and my participation in the IPO and I approve that they are applicable to me.