We assisted Merus Power Oyj and lead manager Alexander Corporate Finance Oy in Merus Power’s listing on Nasdaq First North Growth Market Finland.
The initial public offering consisted of public, institutional and personnel offerings and was significantly oversubscribed. The company ies raised gross proceeds of approximately EUR 12 million from the IPO and gained approximately 8,000 new shareholders.
The proceeds raised in the offering will support the implementation of Merus Power’s growth strategy.
‘We strongly believe that the energy market transition will lead to renewable energy sources and power quality playing an increasing role in overall power production. Our technological expertise promotes the global transition towards a sustainable and energy-efficient future. Given the feedback we have received, investors also believe that we have an important role to play in the energy market transition’, says Kari Tuomala, Merus Power’s managing director.
Trading in the company’s shares began on First North on 8 June 2021.
Merus Power Oyj is a technology company established in 2008 that leverages the sustainable energy revolution. Merus Power designs and manufactures innovative electrical power solutions, such energy storage and power quality solutions and services for renewable energy and industry. The company’s scalable technology enables the growth of renewable energy in electrical grids and improves the energy efficiency of society.
