Nordic crowd­funded cam­paign lists on stock ex­change

Financial Mirror (Cyprus) - - FRONT PAGE -

The Swedish re­con­struc­tion com­pany FrontOf­fice Nordic AB, which raised al­most EUR 600,000 from crowd­fund­ing in­vestors on Fund­edByMe in Fe­bru­ary, has listed on the Nordic Growth Mar­ket (NGM) stock ex­change. This an­nounce­ment makes FrontOf­fice the first suc­cess­fully crowd­funded com­pany in Scan­di­navia – and one of the first in Europe - to be listed on a stock ex­change.

Crowd­fund­ing in­vestors into FrontOf­fice – who could buy shares for a min­i­mum in­vest­ment of 53 eu­ros - are now able to trade those shares on this reg­u­lated stock ex­change, li­censed by the Fi­nan­cial Su­per­vi­sory Author­ity.

“With the rate of mar­ket mat­u­ra­tion, this is very ex­cit­ing for Fund­edByMe – but also for equity crowd­fund­ing glob­ally,” said Daniel Daboczy, CEO and co-founder of Fund­edByMe.

“I per­son­ally in­vested in FrontOf­fice and fol­low­ing this path to NGM has been thrilling. I firmly be­lieve that this paves the way for other crowd­fund­ing com­pa­nies while reestab­lish­ing to in­vestors the fact that equity crowd­fund­ing is chang­ing the fi­nance and in­vest­ment mar­ket for the bet­ter,” Daboczy con­tin­ued.

FrontOf­fice launched its crowd­fund­ing cam­paign on Fund­edByMe on Novem­ber 25, 2015 and closed in mid-Fe­bru­ary 2016 af­ter over­fund­ing up to 111% from 183 in­vestors. Since the com­pany was founded in 2013, the aim had been to list FrontOf­fice shares on the stock mar­ket.

“Both the com­pany and the mar­ket was ready for a pub­lic list­ing and I be­lieve that the vis­i­bil­ity that comes with be­ing listed on NGM will in turn en­able us to help more cus­tomers,” said Jo­han Lund, Man­ag­ing Di­rec­tor of FrontOf­fice Nordic AB (publ.).

This list­ing comes in the same week as Fund­edByMe launched its own equity crowd­fund­ing round, which con­firmed more than 80% of its EUR 800,000 since open­ing 7 days ago. View that cam­paign here / http://fund­edbyme.com/in­vest

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.