Sweden-based Fractal Gaming Group AB, better known in PC DIY circles by the moniker Fractal Design, is planning to raise cash via a US Nasdaq IPO. Specifically, it intends to list shares in an IPO on the Nasdaq First North Premier Growth Market. Shares will come largely from existing shareholder Litorina IV, which appears to want to release its principal shareholder investment for other projects. Ahead of this IPO there was talk of Fractal looking to be bought out in its entirety, so it looks like it is now executing plan B.
Commonly an IPO would be good for a company s prospects by providing a platform where it can raise cash to further invest in R&D, market development, manufacturing facilities and so on. With the purpose of this IPO to seemingly to release Litorina IV s capital (it has held since 2016), there may be less of that good stuff for the company. However, a reluctant principal shareholder isn t a great asset either, so the change should be good.
Sweden-based Fractal Gaming Group AB, better known in PC DIY circles by the moniker Fractal Design, is planning to raise cash via a US Nasdaq IPO. Specifically, it intends to list shares in an IPO on the Nasdaq First North Premier Growth Market. Shares will come largely from existing shareholder Litorina IV, which appears to want to release its principal shareholder investment for other projects. Ahead of this IPO there was talk of Fractal looking to be bought out in its entirety, so it looks like it is now executing plan B.
Commonly an IPO would be good for a company s prospects by providing a platform where it can raise cash to further invest in R&D, market development, manufacturing facilities and so on. With the purpose of this IPO to seemingly to release Litorina IV s capital (it has held since 2016), there may be less of that good stuff for the company. However, a reluctant principal shareholder isn t a great asset either, so the change should be good.