Komplett Group is a leading online-first electronics and IT products retailer with operations in Norway, Sweden and Denmark. Komplett operates an efficient and scalable business model that supports cost leadership and enables a competitive product offering.
The company raised NOK 1.8 billion in the initial public offering. The offering included NOK 1.59 billion in sales of existing shares and an over-allotment (greenshoe option) of NOK 210 million. The shares were sold at NOK 60.00 and the company’s market capitalisation was NOK 4.3 billion on the day of listing.
Lars Olav Olaussen, CEO of Komplett Group, said: “We have strong momentum and are focusing on operational excellence to further strengthen our foundation for continued growth and development of our scalable platform. We also expect that the market for consumer electronics and IT products will continue to show attractive growth with Komplett further benefitting from continued online migration. We look forward to offering new shareholders the opportunity to take part in our continued growth journey in Komplett.”
Komplett Group is a leading online-first electronics and IT products retailer, operating in Norway, Sweden and Denmark. Serving customers in the B2C, B2B and distribution markets, the Group is deeply focused on delivering best in class customer experience, built through decades of knowhow, expertise and deep customer commitment. Komplett Group operates an efficient and scalable business model that supports cost leadership and enables a competitive product offering.
Euronext is the leading pan-European market infrastructure, connecting local economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 1,900 listed issuers worth €5.6 trillion in market capitalisation as of end March 2021, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Italy, Norway and Portugal.
SOURCE: Euronext N.V.