Pexip lists on Oslo Børs

The videoconferencing company Pexip raised NOK 2,4 billion before today’s listing on Oslo Børs through a virtual marketing campaign.

The IPO was solely marketed virtually, and attracted strong interest from a high number of Nordic and international institutional investors, as well as retail subscribers in Norway and Sweden.

– We used our own video conferencing platform to conduct 99 percent of the IPO process – investor roadshows, meetings, and book-building – by video. Meetings were conducted with investors in over 15 cities worldwide, comments Odd Sverre Østlie, CEO of Pexip.

20 times oversubscribed

The number of shareholders exceeds 7,000 after the successful listing process. The offering generated total demand in excess of NOK 30 billion, and was more than 20 times oversubscribed according to the company announcement Bookbuilding and IPO successfully completed

– Working on video allowed for last minute changes and flexibility in a packed agenda. The fact that 100 percent of the virtual 1-1 road show meetings led to subscriptions to the IPO, demonstrates that holding the meetings virtually made them no less impactful, says Østlie. 

Stream of new tech companies

The company’s calculations show that they saved over 1700 hours of travel time, and over 80 tons of CO2. 

– In conclusion, conducting the process on video saved time and emissions and made the process much more efficient, concludes Østlie.

– We would like to extend a warm welcome to Pexip. There has been a steady stream of new tech companies listed in Oslo in recent year. Several of them are global leaders and well-known brands, such as Kahoot! and Pexip. Euronext is the number one venue in Europe for tech companies. We are gathering forces to attract even more companies, President and CEO of Oslo Børs.

About Pexip
Pexip is a software technology company that delivers an end-to-end video collaboration platform uniquely suited for the needs of both end-users and IT professionals in large corporations and organizations.
Read more about Pexip

Øivind Amundsen, President and CEO of Oslo Børs, rings the bell to celebrate the IPO of Pexip, while Pexip employees participates on conference call.
(Photo: Ørn E. Borgen / NTB scanpix)

Bell ceremony video: https://youtu.be/6sFOjvMGUDI

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