Verve Group SE has carried out a primary issuance of shares of approximately SEK 360 million through an accelerated bookbuilding procedure.
Verve is a fast-growing software platform in the advertising technology industry, connecting advertisers seeking to buy digital ad space with publishers monetizing their content. The company focuses on emerging media channels like mobile in-app, connected TV and others. Verve has achieved a revenue CAGR of 33 percent over the past four years reaching net revenues of 437 million euros in 2024 with an adj. EBITDA margin of 30 percent. Verve's main operational presence is in North America and Europe, and it is registered as a Societas Europaea in Sweden. Its shares are listed on the regulated market of the Frankfurt Stock Exchange and on Nasdaq First North Premier Growth Market in Stockholm.
ABG Sundal Collier and Pareto Securities acted as Joint Global Coordinators and Joint Bookrunners. Baker McKenzie acted as legal advisor to Verve Group with an international capital markets team consisting of Joakim Falkner, Stefan Balazs and Olof Larsson in Stockholm, Adam Farlow and Charles Farnsworth in London, as well as Katharina Stüber in Frankfurt.
