Sinch has carried out a primary issuance of shares of approximately SEK 9.4 billion at a subscription price of SEK 1,300 per share. The subscription price was determined through an accelerated book-building procedure.
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 40 countries.
Carnegie, Danske Bank, Handelsbanken Capital Markets, JP Morgan and SEB acted as Joint Bookrunners. Baker McKenzie acted as legal advisor to the Joint Bookrunners with a team consisting of Joakim Falkner and Ian Gulam from the Stockholm office, Adam Farlow and Charles Farnsworth from the London office as well as Paul DePasquale from the New York office.