Aspire Global targets listing on Nasdaq First North Premier

Aspire Global has applied to list its shares on Scandinavia’s Nasdaq First North Premier stock exchange, with the launch price to be set at SEK30 (€3.08/$3.48) per share.

In a statement, Aspire Global said that it intends to list approximately 25% of its shares, which corresponds to a value of around SEK330m.

One fifth of the offered shares will be newly issued and the net proceeds of the sale of these shares will be used to help fund acquisitions and investments at the company.

Tsachi Maimon, chief executive of Aspire Global, said: “We have built and refined a unique business model that has enabled us to reach an attractive market position in Europe.

“Going forward we will continue to focus on growth and exploit future business opportunities, as more and more gaming markets becomes regulated.

“Since the beginning of this year, we have signed agreements with nine new operators while negotiations are in place with a few additional potential partners.

“We are also exploring potential acquisitions, proactively seeking for the right opportunities.”

Robur Fonder, a cornerstone investor, has agreed to acquire around 26% of the total number of shares in the offering, while two additional Swedish institutions and a group of entrepreneurs within the internet sector intend to subscribe for shares in the offering corresponding to around 27%.

Related article: NYX Gaming enters long-term partnership with Aspire Global