Peter Max
- CEO & Partner
Transaction Description
Gemstone acted as financial advisor to Freetrailer in their IPO. The listing is subject to a minimum of 60 per cent of the issue being subscribed and a spread requirement of minimum 300 shareholders. The subscription price was DKK 4.50 per share. The gross proceeds were at least DKK 8.4 million, maximum DKK 14 million. The company is valued pre-money at DKK 27.4 million. The first day of trading was 14 June. On 29 May 2018 ended the subscription period in Freetrailers new share issue of shares ahead of the planned listing on Spotlight Stock Market (previously AktieTorget). Interest in subscribing for shares was high and the public offer of approximately 5.6 MDKK was oversubscribed about 5 times and was subscribed by 1167 people. Calculated on the entire new issue, the oversubscription rate was approximately 258.6 per cent. Freetrailer Group A/S will thus receive a total of approximately DKK 14 million before listing and issue costs.
Contact Person
Company Description
Freetrailer has developed a digital platform that uses the Freelock electronic lock in combination with an combination with an application makes it possible to reserve, collect and return a trailer. Freetrailer’s core business and business model consists of lending trailers to users at no cost. It is possible to purchase additional services such as insurance, extending the rental period or reserving a trailer. Business partners are offered marketing in the form of adverts on the trailers. Freetrailer’s revenue comes partly from customers who purchase additional services such as insurance, reservations and extended rental periods rental period and from partners who pay for advertising.
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