The Nasdaq Stockholm-listed firm Better Collective has announced its intent to seek a dual listing by putting its shares up for sale on the Nasdaq Copenhagen exchange. If authorized, it is anticipated that this strategic move would happen in the year’s last quarter.
Multiple requirements, such as the company’s publishing of an exemption document and clearance from Nasdaq Copenhagen, must be met before deciding to pursue a dual listing. Importantly, Better Collective underlined that this action would not include an offering of shares and that the overall number of business shares will stay the same.
A Natural Progression for Better Collective
The dual listing in Denmark is a logical next step for the business, according to Jesper Sgaard, co-founder and CEO of Better Collective. Since its initial public offering (IPO) on Nasdaq Stockholm in 2018, Better Collective, which is established in Denmark, has seen rapid expansion, generating considerable shareholder value.
Sgaard made a point of stating that the company’s objective is to emerge as a major digital sports media organization. The time is opportune for a dual listing in Denmark given the heightened interest among existing and future institutional investors.
Strong Growth and Resilience
Jens Bager, the Chairman of Better Collective’s board, echoed the sentiment of growth and strength. He noted that the company is now in a stronger position than ever before. The listing on Nasdaq Stockholm five years ago was a pivotal moment in Better Collective’s journey toward becoming a leading digital sports media group.
Bager gave gratitude to the firm’s founders and management team for creating a durable company and a solid structure that have placed Better Collective in a great position to grow its footprint in the digital sports media sector. As it begins on this dual listing attempt, the business intends to garner substantial interest from eminent Danish investors.
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