Krogerus advised Nexstim Plc on its initial public offering and dual listing of shares on First North Finland and First North Sweden. In the IPO, Nexstim issued 2,408,339 news shares at a subscription price of EUR 6.35 per share, amounting to gross proceeds of roughly EUR 15.3 million.
Trading in the company’s shares on First North Finland and First North Sweden commenced on 14 November 2014. The transaction is the first ever dual listing on the First North exchanges maintained by Nasdaq.
Nexstim is a medical technology company based in Finland that aims to improve rehabilitation for stroke patients.
The Krogerus team was led by partner Tom Fagernäs and counsel Marjukka Sippola. They were primarily assisted by associates Paul Raade and Taru Kovanen.