Nitro Games: Smart money

Research Note

2018-10-03

12:05

Nitro Games announced a directed new issue of SEK 47.4 million at a subscription price of SEK 47.5 per share, a discount of approximately 7.7 percent from the weighted average price during the last 30 days of trading. The directed issue will result in a dilution of about 27.6 percent. Two of the largest new shareholders in the directed issue is Ludvig Strigeus and Ola Rollén, two of the brains behind the success of Spotify and Hexagon. A financially secured Nitro Games backed up with high-quality money made the stock surge 25-30 percent.

TO

Tomas Otterbeck

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