Oslo Børs launches pre-IPO program IPOready
Oslo Børs, part of the Euronext Group, has launched the first edition of IPOready in Norway, in which 15 companies aiming at equities listing in the next one to three years will take part.
IPOready is a pre-IPO programme covering the IPO process, the legal perspective, IPO valuation, equity story, financial communication, corporate governance and post-listing requirements. The program is run in partnership with Pareto Securities, Thommessen, PwC and Crux Advisers, and builds on the success of such programmes in the other Euronext markets over the last seven years.
The objective of the programme is to equip participating companies with an in-depth understanding of all sources of finance available to them and determine which is most suited to their needs. On completion, the participating founders and entrepreneurs will have the skillsets required to get their businesses investment ready, refine their pitch for investors and form a valuable network of peers, advisors and investors.
This year’s Norwegian IPOready intake includes companies in the energy and cleantech, seafood and technology sectors, including Bertel O. Steen Power Solutions, Earth Science Analytics, Evoy, Four Phase, Fygi Technologies, Greenstat, Lilbit, Lumarine, Pronofa, Seagems Norway and Villa Seafood.
Øivind Amundsen, CEO Oslo Børs, welcomed participants at the induction day, saying:
“It is inspiring to see the great interest shown by companies to participate in the first edition of IPOready in Norway. The 15 companies represent different sectors as well as different phases of development, which will give us interesting discussions throughout the programme. Our aim is to provide the companies with a realistic knowledge foundation of what it takes to prepare and go through a listing process as well as what it takes to succeed as a listed company.”
Over the course of the programme, IPOready participants will benefit from Euronext’s other pre-IPO initiatives, joining the TechShare programme and networking with European entrepreneurs.