EcoUp – Listing on First North

We assisted EcoUp Oyj and lead manager Alexander Corporate Finance Oy in EcoUp’s listing on Nasdaq First North Growth Market Finland.

The initial public offering consisted of public, institutional and personnel offerings and was oversubscribed. EcoUp raised gross proceeds of approximately EUR 15 million from the IPO and gained approximately 4,500 new shareholders.

‘We see promising growth opportunities on many fronts, such as in thermal insulation slabs and particularly in new circular economy technology, both in Finland and internationally. Financing these growth projects required the support of a wider group of investors. We would like to welcome all our existing and new owners to join us in promoting the circular economy and reducing the environmental load of the construction industry’, says EcoUp’s Managing Director Antti Ollikainen.

Trading in the company’s shares began on First North on 29 September 2021.

EcoUp provides its customers with carbon-neutral, resource-efficient, energy-saving and competitive products, services and technologies that help make their customer’s operations more ecological. The company’s main business areas are circular economy products and service for the construction industry as well as circular economy technologies. EcoUP is the first purely circular economy company to be listed in Finland.