Storytel has carried out a primary issuance of shares of SEK 1,171 million at a subscription price of SEK 218 per share. The subscription price was determined through an accelerated bookbuilding procedure.

Storytel is one of the world’s largest subscribed audiobook and e-book streaming services and offers listening and reading of more than 500 000 titles on a global scale. The company’s streaming business is conducted under the brands Storytel and Mofibo. Storytel’s publishing business area is carried out through the audiobook publisher StorySide and acclaimed Nordic publishing houses such as Norstedts, People’s and Gummerus. Storytel operates in over 20 markets around the globe and is headquartered in Stockholm, Sweden.

ABG Sundal Collier and Swedbank acted as Joint Bookrunners. Baker McKenzie acted as legal advisor to Storytel. Joakim Falkner, Ian Gulam and Stefan Balazs from Baker McKenzie's Capital Markets team in Stockholm were involved in the transaction.

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