Better Collective set for dual listing on Nasdaq Copenhagen
Affiliate giant confirms plans to offer shares to Danish investors five years after listing on Nasdaq Stockholm
Better Collective has announced its intention to dual list its shares on Nasdaq Copenhagen, marking the company’s “natural next step”.
The Danish affiliate giant, which has been listed on Nasdaq Stockholm since its IPO in 2018, will now offer additional investors the opportunity to take shares in the business.
Better Collective confirmed it would not raise any capital or make any offering of securities as part of its dual listing.
The company said it expects to engage a liquidity provider for the shares to be listed on Nasdaq Copenhagen.
The firm said: “The liquidity provider will own a certain volume of Better Collective shares and its role is to facilitate trading in the Danish Better Collective shares by quoting prices, within a range considered acceptable, on either the buy or sell side in the market.”
Danske Bank and Nordea have been named as financial advisers and joint global coordinators for the dual listing.
Additionally, Bech-Bruun and Setterwalls are acting as legal advisers to Better Collective while Plesner will serve as legal adviser to Danske Bank and Nordea.
Jesper Søgaard, Better Collective CEO, said: “Being a Danish-incorporated company and with our headquarters in Copenhagen, dual listing in Denmark is a natural next step for Better Collective.
“Since the Swedish IPO in 2018, we have significantly grown the business adding value for our shareholders, while putting forward a new vision to become the leading digital sports media group.
“Combined with the fact that we experience an increased interest in our company from both current and potential institutional investors in Denmark, we believe now is the right time to dual list in Denmark,” he added.