2014
STJ Advisors acted as independent advisor to EQT on the IPO of XXL ASA, the fastest growing sports retailer in the Nordic region, raising proceeds of c.NOK 3.0bn / €373 million. The IPO priced at NOK 58 per share, above the mid-point of a NOK 45-65 price range, giving the company a market capitalisation of c.NOK 8 billion. The shares traded up c.7% on the first day of trading with turnover at a low c.15% of the offering (significantly less than in other recent EMEA IPOs).
