RevolutionRace lists on Nasdaq Stockholm
On 16 June 2021, RVRC Holding AB (publ) (“RevolutionRace”) was listed on Nasdaq Stockholm.
The offering price amounted to SEK 75 per share, corresponding to a market value for all outstanding shares in the company of SEK 8.469 billion. The value of the offering, assuming that the over-allotment of up to 15 per cent is exercised in full, totals approximately SEK 2.834 billion.
The offering, which comprised an offering to the general public in Sweden and an offering to institutional investors in Sweden and abroad, consisted of existing shares sold by RevolutionRace’s major shareholder Altor Fund IV (No. 1) AB and Altor Fund IV (No. 2) AB (together “Altor”) and RevolutionRace’s founders through Nyrensten Global Holding AB.
RevolutionRace offers high-quality functional apparel for people with an active lifestyle. The Company was founded in 2013 by Pernilla Nyrensten, CEO, and Niclas Nyrensten, Creative Director. Since its inception, the founders have had the goal of creating multifunctional apparel with great fit, in the highest quality and at reasonable prices under the tag line “Nature is our playground”. By selling apparel online, directly to consumers without unnecessary intermediaries, RevolutionRace believes it can offer products that have an unmatched value in terms of price, quality, and design. Together with its customers, the Company has grown rapidly and is selling its products to approximately 35 countries. During the twelve-month period ending 31 March 2021, RevolutionRace reported net sales of MSEK 731.9.
RevolutionRace and Altor were advised by Mannheimer Swartling in the offering and the listing.
