Golf equipment retailer Dormy began trading on First North today, September 24, and the share is rising in initial trading. The offering to subscribe for shares in the company was several times oversubscribed. The share trades under the ticker DORMY. The subscription price was set in advance at SEK 70 per share.
Cornerstone investors are Carnegie Fonder, Cicero Fonder and the Hielte family, which together subscribed for 1.5 million shares worth SEK 105 million.
The offering comprised 6.22 million existing shares and an over-allotment option for a further maximum of 0.93 million existing shares, a total of no more than 7.15 million shares. The company issued no new shares in connection with the offering and will not receive any proceeds from the sale.
At full subscription, the offering corresponds to SEK 435 million or
SEK 500 million if the over-allotment option is exercised in full.
The share has traded as high as SEK 77.10 and as low as SEK 73.10. At 09.30, the latest price paid was SEK 74, corresponding to an increase of 5.7 percent compared with the subscription price of SEK 70. Shares worth SEK 20 million have changed hands so far today. The company has 15 million shares outstanding and a market capitalization of SEK 1.1 billion based on the latest price paid.
