Highlight 10 December 2021

Krogerus advises Aiforia on its IPO and listing on Nasdaq First North Growth Market Finland

Krogerus advised Aiforia on its initial public offering and listing on Nasdaq First North Growth Market Finland.

Aiforia's market capitalisation based on the subscription price in the IPO is approximately EUR 130 million. Aiforia receives gross proceeds of approximately EUR 30 million from the IPO assuming that the over-allotment option is exercised in full.

Aiforia equips pathologists and scientists in preclinical and clinical labs with powerful deep learning artificial intelligence software for translating images into discoveries, decisions, and diagnoses. The cloud based Aiforia products and services aim to escalate the efficiency and precision of medical image analysis beyond current capabilities.

The Krogerus team, led by Partner Tom Fagernäs, included Senior Associate Joel Kanervo and Associates Samuli Torpisto, Markus Laine, Olli Silvennoinen and Kalle Lipsanen.

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