Re:NewCell AB (publ) has carried out a primary issuance of shares of approximately SEK 158 million at a subscription price of SEK 60 per share to Swedish and International institutional investors. The subscription price was determined through an accelerated book-building procedure.
Founded by innovators from Stockholm’s KTH Royal Institute of Technology in 2012, Re:NewCell is a multi-award-winning sustaintech company based in Sweden. Through its patented process, Re:NewCell is able to upcycle cellulosic textile waste, such as cotton clothes, transforming it into a pristine new material called Circulose®.
Nordea acted as Sole Global Coordinator and Joint Bookrunner. Pareto acted as Joint Bookrunner. Baker McKenzie acted as legal advisor to Nordea and Pareto with a capital markets team consisting of Henric Roth, Joakim Falkner and Sophie Gidlund from the Stockholm office as well as Adam Farlow and Charles Farnsworth from the London office.