4.6.2015

Danske Bank – Castrén & Snellman Advised Danske Bank in Pihlajalinna Oyj’s IPO

We advised Danske Bank, which acted as the sole manager of Pihlajalinna Oyj’s initial public offering on the main list of NASDAQ OMX Helsinki Ltd. The size of the offering was approximately EUR 80 million. The offering comprised a combined issue of new shares and a sale of existing shares by private equity house Sentica Partners and Leena Niemistö.

The offering was oversubscribed, and the subscription period discontinued prematurely due to strong demand among institutional investors both in Finland and internationally. Trading of Pihlajalinna Oyj’s shares commenced on 4 June 2015.