Storytel AB (publ), with its shares traded on the Spotlight Stock Market, has resolved on a directed share issue which will provide the company with gross proceeds of approximately SEK 500 million. Storytel has a market cap of approximately SEK 6 billion.

Storytel intends to use the net proceeds from the directed share issue to enable geographic expansion, in existing markets and the new regions Latin America and Asia.

ABG Sundal Collier AB and Carnegie Investment Bank AB (publ) acted Bookrunners and Baker McKenzie acted legal adviser in connection with the directed issue. Main participants from Baker McKenzie were Joakim Falkner, Tobias Edenman, Ian Gulam and Stefan Balazs. 

Explore Our Newsroom
See All News