Sinch has carried out a private placement of shares of approximately SEK 3.3 billion at a subscription price of SEK 1050 per share. The subscription price was determined through an accelerated book-building procedure.

In addition, certain larger shareholders, including several co-founders, have sold existing shares to SB Management, a direct subsidiary of SoftBank, meaning that SB Management will hold approximately 10.1 percent of the shares and votes in Sinch.

Sinch's leading cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through mobile messaging, voice and video. Sinch is a trusted software provider to mobile operators, and its platform powers business-critical communications for many of the world’s largest companies. Sinch has been profitable and fast-growing since its foundation in 2008. It is headquartered in Stockholm, Sweden, and has local presence in more than 30 countries.

Carnegie Investment Bank and Handelsbanken Capital Markets have acted as Joint Bookrunners in connection with the private placement and sell-down. Baker McKenzie acted as legal adviser to the Joint Bookrunners. Baker McKenzie's team consisted of Joakim Falkner and Ian Gulam from the Stockholm office, Adam Farlow and Charles Farnsworth from the London office as well as Jayshree Narendran from the New York office.

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