THQ Nordic completes an issuance of 11 million class B shares, raising proceeds of approximately SEK 2 billion before transaction costs.
The subscription price of SEK 190 per share has been determined through a so-called “accelerated book-building” procedure led by Carnegie Investment Bank AB and Nordea Bank Abp, filial i Sverige.
The directed new share issue was substantially oversubscribed. Subscribers are a wide range of Swedish and international institutional investors including reputable new investors such as First National AP Fund, Second National AP Fund and Odin Fonder as well as current shareholders Swedbank Robur Fonder AB, TIN Fonder with the fund Core Ny Teknik and Olsson Family and Foundation.
THQ Nordic intends to use the proceeds from the directed new share issue to finance new acquisitions of franchises, game development studios or other assets which complement the operations, and to enable a higher rate of investment in the development of the company.
Baker McKenzie acts as legal counsel to THQ Nordic as to Swedish and US law in connection with the directed new share issue. Baker McKenzie's team consists of Joakim Falkner, Johanna Flink and Ian Gulam from the Stockholm office and of Adam Farlow and Charles Farnsworth from the London office.
Carnegie Investment Bank AB acts as Global Coordinator and Joint Bookrunner and Nordea Bank Abp, filial i Sverige acts as appointed Joint Bookrunner.