Several months of work on an initial public offering has come to fruition for the Danish technology company Ivysis.
The company, which specialises in advanced machine vision inspection systems, will shortly be listed on the First North stock exchange in Stockholm.
There was tremendous interest and 12.2 million Swedish kroner's worth of new shares have been issued. The company now has 435 new shareholders. Jakob Kesje, the founder of the company, welcomed them.
“I want to begin by welcoming our many new shareholders as owners of Ivysis,” he said.
“We are excited about the amazing outcome of the issue and we look forward to utilising the proceeds to increase the workforce, marketing and sales efforts and ultimately increase the growth rate.”
The Stockholm exchange chosen by Ivysis has welcomed over 40 listings in the past year, while the Copenhagen First North stock exchange hasn’t had a single one.
But Kesje told Børsen he thinks there is interest in Denmark in companies like Ivysis.
“The high number of shareholders who subscribed and the relatively large backing from Danish investors confirms there is also interest in Denmark in investing in early-stage micro-cap companies,” he said.