On 16 September 2021, the first day of trading in Kjell Group ABs (”Kjell & Co”) shares on Nasdaq First North Growth Market occurred. The IPO attracted strong interest from Swedish and international institutions as well as the general public in Sweden. The price in the offering was SEK 55 per share, corresponding to a total market value of the company of approximately SEK 1.71 billion.
Kjell & Co, founded in 1988, has evolved into a leading player in consumer electronics accessories, with a presence in Sweden, Norway and Denmark. The company combines a large product range with a high degree of advice and customer service offered via an omnichannel offer - online, via 130 service points, of which 107 in Sweden and 23 in Norway, and together with partner Circle K at 292 gas stations in Sweden.
Carnegie Investment Bank and Nordea Bank Abp, filial i Sverige acted as Joint Global Coordinators and Joint Bookrunners. Baker McKenzie acted as legal advisor to Carnegie and Nordea with a capital markets team consisting of Joakim Falkner, Johanna Flink and Per Blom.
