Next Games’ First North Initial Public Offering
13–22 March 2017

Next Games Corporation carried out an Initial Public Offering in March 2017. The Initial Public Offering was oversubscribed, and therefore the company’s Board of Directors decided to discontinue the subscription period in accordance with the terms and conditions of the Initial Public Offering.

The subscription period for private individuals and entities in Finland and personnel offering to the personnel of the company ended in accordance with the terms and conditions of the Initial Public Offering on Monday, 20 March 2017, at 4:00 p.m. EET. The subscription period for institutional investors in Finland and internationally was discontinued on Wednesday, 22 March 2017, at 12:00 p.m. EET.

In the IPO, shares are offered for subscription as follows

  • a preliminary maximum of 350,000 shares to private individuals and entities in Finland (the “Public Offering”)
  • a preliminary maximum of 30,000 shares to the personnel of Next Games (the “Personnel Offering”)
  • a preliminary maximum of 3,623,000 shares to institutional investors in Finland and, subject to applicable laws, internationally (the “Institutional Offering”)

Next Games issued 3,807,030 new class A shares in the company and 569,500 Over-Allotment Shares.

Executed allocation in the Initial Public Offering

  • 450,000 shares to private individuals and entities in Finland (the “Public Offering”)
  • 95,614 shares to the personnel of Next Games (the “Personnel Offering”)
  • 3,830,916 shares to institutional investors in Finland and internationally (the “Institutional Offering”)

The final subscription price in the Public and Institutional Offering was EUR 7.90 per offer share and EUR 7.11 per offer share in the Personnel Offering.

Trading of Next Games’ shares commenced on the Nasdaq First North Finland marketplace maintained by Nasdaq Helsinki Ltd on 23 March 2017.

Danske Bank A/S, Helsinki Branch, acts as the Certified Adviser to the company.

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