Infront Preps for Oslo IPO

Vendor says IPO will help support its growth plans by providing financing for acquisitions.

Kristian Nesbak, Infront

The IPO is expected to consist of an issue of new shares to raise gross proceeds of roughly Nkr100 million ($11.8 million) and a secondary sale. It will comprise a public offering to institutional and retail investors in Norway, an offering to Infront’s eligible employees, and an international private placement to certain institutional investors.

Officials say the decision to go public has been taken to enable the company to play a more “active role in the industry consolidation in Europe” and

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