Stillfront Group AB (publ) has carried out a primary issuance of shares of approximately SEK 1 billion at a subscription price of SEK 63,6 per share. The subscription price was determined through an accelerated book-building procedure. The investors were a number of Swedish and international institutional investors, including Stillfront's largest shareholder, Laureus Capital GmbH.
Stillfront is a global group of gaming studios and a market leader in the free-to-play online games genre. The primary issuance of shares was carried out to finance the acquisition of Jawaker.
Carnegie Investment Bank AB (publ) and Joh. Berenberg, Gossler & Co. KG acted as Joint Global Coordinators Baker McKenzie acted as legal adviser to Joint Global Coordinators with an international capital markets team consisting of Henric Roth, Joakim Falkner, Per Blom and Sophie Gidlund in Stockholm as well as Adam Farlow in London.