Plejd has carried out a private placement of shares of approximately SEK 82,2 million at a subscription price of SEK 158 per share. The subscription price was determined through an accelerated book-building procedure.
Plejd is an innovative Swedish tech company that develops products and services for smart lighting system and home automation. The company vitalizes the lighting market and lies at the forefront in the technical development which is popularly referred to as the Internet of Things.
"For a long time, we have worked with exciting projects in order to broaden our product portfolio. Several of these projects have now reached a level where we with extended resources can accelerate the development and faster launch our products. Our current cash position is sufficient for our existing profitable growth, however, with this share issue we see opportunities to faster broaden our product portfolio with an increased growth, and with continuous profitability," comments Babak Esfahani, CEO, Plejd.
Carnegie Investment Bank acted as sole bookrunner and Baker McKenzie acted as legal advisor with Joakim Falkner, Ian Gulam and Olof Larsson from Baker McKenzie's capital markets team in Stockholm being involved