IFLR1000

Tokmanni Group Nasdaq Helsinki IPO

3/5/2016
IPO
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€ 181 million

$ 199 million

Completed

3/5/2016

Overview:

  • Tokmanni Group (Tokmannu), a leading discount retailer in Finland, has launched an IPO on Nasdaq Helsinki
  • The issue raised €181 million.
  • The IPO was the largest by deal value and market capitalisation in Finland since 2007.
  • The two inter-conditional underwriting agreements involved in this deal was novel in the Finnish market.
  • A primary share lending structure was designed for this transaction.
  • Goldman Sachs International and Nordea Bank Finland acted as joint global coordinators and joint bookrunners. Bank of Amercia Merrill Lynch and Carnegie Investment Bank were joint bookrunners.

Wai Yee Tsang - Journalist

Jurisdiction:

Finland

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing law:

Finland

Industry sector:

Consumer goods and services

Firms:
Cleary Gottlieb Steen & Hamilton

Party: Goldman Sachs (Global coordinator, Bookrunner)

Party: Nordea Bank (Global coordinator, Bookrunner)

Party: Bank of America Merrill Lynch (Bookrunner)

Party: Carnegie Investment Bank (Bookrunner)

Roschier

Party: Goldman Sachs International (Global coordinator, Bookrunner)

Party: Nordea Bank (Global coordinator, Bookrunner)

Party: Bank of America Merrill Lynch (Bookrunner)

Party: Carnegie Investment Bank (Bookrunner)

Lawyer: Antti Ihamuotila

White & Case

Party: Tokmanni Group (Issuer)

Lawyer: Oscar Liljeson

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