RugVista Group (publ) has been admitted to trading on Nasdaq First North Premier Growth Market on 18 March 2021.
The offering price was set at SEK 125 per share, corresponding to a market value of RugVista Group of approximately SEK 2.5 billion. The offering comprised of existing shares which were offered by RugVista Group’s main shareholder Litorina IV L.P. and a few other shareholders. The total value of the offer, if the over-allotment option of 12,6 percent is exercised in full, will correspond to approximately SEK 1.7 billion.
RugVista Group is one of the leading European direct-to-consumer online platforms within carpet and rug sales through its online stores, available in 20 different languages, using the RugVista and CarpetVista brands. The Company was founded in 2005 and offers a broad and relevant range of quality design and traditional carpets and rugs. RugVista Group offers its EU based customers free deliveries and returns free of charge. RugVista Group’s operations are divided into three segments: B2C, B2B, and Marketplaces & Other (MPO). The B2C segment represents the consumer market and is the Company’s core segment.
RugVista Group and Litorina IV L.P. were advised by Mannheimer Swartling in the offering and the listing.