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Pepins in a unique IPO with the gaming company Paradox Interactive

Pepins a Swedish investment crowdfunding company plans an IPO with the computer gaming company Paradox. The IPO is named “IPO the Paradox Way” and combines listings on Nasdaq First North Premier with equity crowdfunding through Pepins. Totally an expected SEK 100 MM will be offered at Pepins.

Everyone can subscribe for shares in Paradox through Pepins Investment Crowdfunding platform according to the principle first come, first serve. The confirmation of the allocation will be immediate. Payments will be performed directly either via credit card or bank transfer. This is a new way of doing an IPO and we hope it will set a new and more fair structure for when companies are listed on public exchanges. The first subscription day is scheduled for the 3rd May when it will be possible to subscribe for Paradox shares on www.pepins.com.

Paradox wanted, in connection with the planned listing on Nasdaq First North Premier, a different method to conduct their IPO by first and foremost reach out to fans, employees and other with a long term interest in the Company. “IPO the Paradox Way”. Paradox’ turnover in 2015 was SEK 604MM and the profit before tax was SEK 242MM.

-As far as I know this is the first time anywhere in the world that a crowdfunding

platform is participating in a IPO of this magnitude says Anders Sjunnesson, CEO and founder of Pepins.

The vision of Pepins is to create a popular movement for investment in entrepreneur driven companies. The power from a large number of shareholders will in turn help companies to grow and develop even faster. This is all in line with the values and ambition of Paradox. A listing is expected to increase the knowledge of Paradox, its business and the brand amongst existing as well as potential players, and fans, partners, game developers and other stakeholders.

-We have been looking for a new way to conduct a listing as we want as many as possible to be part of our future journey. That is why we have chosen to do this with Pepins and Avanza as our main advisor says Fredrik Wester, CEO of Paradox. Pepins is able to offer through its crowdfunding platform a solution to achieve a wide distribution of ownership coupled with a modern approach with a first come, first serve immediate confirmation of allocation.

- My hope is that this transaction will pave the way for a more fair and transparent allocation process in connection with IPO’s says Anders Sjunnesson. The procedure we are using here together with Paradox and Avanza might very well set a new standard for how shares are allocated in IPO’s.

The choice when appointing the advisors for “IPO the Paradox way” fell on Pepins. Paradox felt they share the same values: customer benefit first, the power of the crowd and the will to challenge existing structures.

This is Pepins

Pepins is Investment Crowdfunding done in a professional way. Here everyone will have the chance to discover and become shareholders in the companies they believe in. Together we will help the companies to grow, create more jobs and make a difference. Pepins Group AB is under the supervision of the Swedish Financial Supervision Authority.

For further information please contact.

Anders Sjunnesson, CEO and founder of Pepeins, anders@pepins.com

Oscar Watz, CMO Pepins, oscar@pepins.com, +46 73 687 6300

www.pepins.com

About Paradox

www.paradoxplaza.com/about-us

Kategorier

  • crowdfunding
  • equity crowdfunding
  • finance
  • investera
  • investment

Pepins är investment crowdfunding på ett professionellt sätt. Här får alla som vill chansen att upptäcka och bli delägare i bolag de tror på. Tillsammans hjälper vi företag att växa, skapa fler jobb och göra skillnad. Pepins Group står under Finansinspektionens tillsyn och erbjuder handel i onoterade bolag samt finansiell företagsrådgivning vid kapitalanskaffningar. www.pepins.com

Kontakter

Julia Reuszner

Presskontakt VD +46 (0)73-986 56 64