Krogerus advises Cityvarasto on its IPO and listing on Nasdaq First North Finland

Krogerus advises Cityvarasto on its initial public offering and listing on Nasdaq First North Growth Market Finland.

Cityvarasto's IPO was significantly oversubscribed throughout the price range. The IPO, sized at EUR 46 million, includes a share issue of EUR 15 million by Cityvarasto, a share sale of EUR 25 million by Cityvarasto's existing shareholders, and an over-allotment option of EUR 6 million by Cityvarasto's existing shareholders, corresponding to a market capitalisation of Cityvarasto of approximately EUR 128 million immediately following the IPO.

The Krogerus team was led by Partner Tom Fagernäs and Counsel Joel Kanervo. They were primarily assisted by Counsel Anna Sahrakorpi and Samuli Torpisto, Senior Associates Olli Silvennoinen, Tiina Jääskeläinen and Markus Laine, Associates Eemeli Kastikainen, Manu Honkanen and Jonna Vähäsöyrinki (all Capital Markets and Public M&A), Senior Associate Julius Viherkenttä and Associate Eveliina Lassila (Real Estate & Construction), Senior Associate Jenna Hallikainen (Employment & Benefits), Associates Laura Oiva and Anni Sofia Kivi-Koskinen (Technology & Data and Intellectual Property), Partners Ritva Aalto, Samu Lassila and Senior Associate Jemiina Pohja (Tax).