Recent work | October 17, 2019

Roschier advised Relais Group on its IPO

The initial public offering and listing of Relais Group's shares on the First North Growth Market Finland marketplace, maintained by Nasdaq Helsinki Ltd, has been completed. Roschier acted as advisor to Relais Group.

The subscription price for the offer shares was EUR 7.40 per share in the public offering and the institutional offering and EUR 6.67 per share in the personnel offering. This corresponds to a market capitalization of the Relais Group of approximately EUR 120 million. The offer shares correspond to approximately 25 percent of the total number of shares after the offering.

Trading in the shares has commenced on Nasdaq First North Growth Market Finland on 17 October 2019.

Relais Group Plc is an importer and technical wholesaler that actively develops its vehicle electrical equipment and spare parts business operations in the Nordic and Baltic countries. The company employs more than 260 people in five countries.

Roschier’s advisory team comprised Antti Ihamuotila, Toni Siimes, Seppo Kymäläinen, Terhi Salmi, Pauliina Repo and Matias Oikarinen.