IPO of Balco on Nasdaq Stockholm
On 6 October 2017, Balco started trading on Nasdaq Stockholm. The price per share in the IPO was SEK 56, corresponding to a total market cap of approximately SEK 1.2 billion. The seller of the shares in the IPO was Segulah IV, L.P.
Balco is a leading provider of balcony solutions in Northern Europe. Balco primarily offers customised, innovative balcony solutions under its own brand to tenant-owner associations, private landlords, the public housing sector and construction companies. The company today has 18 sales offices in seven countries.
Carnegie Investment Bank acted Global Coordinator and Joint Bookrunner and Danske Bank acted Joint Bookrunner. Baker McKenzie acted as legal advisor to Carnegie Investment Bank and Danske Bank. The lawyers mainly involved in the IPO from Baker McKenzie were Joakim Falkner, Henric Roth and Johanna Flink.