XXL NOK 1.6 billion Share Sale, Norway


STJ Advisors acted as independent advisor to EQT on its 2nd follow-on equity offering of shares in XXL ASA, the largest retailer of sporting goods in the Nordic region, via an accelerated bookbuilding process, raising c. NOK 1.6 billion (c. €177 million). The sale, priced at NOK 83 per share, was at a 43% premium to the NOK 58 price achieved in the company’s Initial Public Offering in October 2014, and also above the NOK 80 price achieved on the previous share sale, on both of which STJ also advised. This latest transaction completes EQT’s sale of its XXL investment within 11 months of the IPO.

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