Rakech Group Holding p.l.c. has just completed its IPO at SEK 30 per share (corresponding to a market capitalisation of SEK 1,137 million) and listing on Nasdaq First North Premier. The offering of 15,669,003 shares was substantially over-subscribed and attracted strong interest from Swedish and international institutional investors. Trading in Raketech’s shares commenced on 29 June 2018 under ticker symbol ‘RAKE’, with settlement expected to take place on 3 July 2018.
Raketech is a B2B affiliate headquartered in Malta that provides services to online gaming companies. Since its establishment in 2010, its business range has grown to encompass various sectors of the iGaming industry, including online casinos, sportsbetting and media products, operating across the entire Nordic market.
GANADO Advocates advised Raketech on all Maltese law, corporate and regulatory issues in connection with its IPO and cross-border listing.
Click to view Raketech’s press release for further details.