In this first public offering, LED iBond offered a maximum of 4,691,860 new shares at a price of DKK 6.88 per share. 63% of the offering was pre-subscribed by corner stone investors and the remaining 37% was subscribed by many investors with the result of securing the spread of the company's shares.
Based on the subscription price of DKK 6.88 per share, LED iBond's market value is DKK 87.3 million. There was an overwhelming interest in the offering which was oversubscribed by 1,117%. First day of trading is expected to be 15 June 2020.
LED iBond's technology platform is based on the idea of mounting LEDs in an aluminum layer sandwich with an insulating core. This sandwich structure integrates light, "smart" components, data and electricity into a very thin panel without the need for internal wiring or cooling.
The patented technology platform delivers powerful lighting solutions in almost any form while providing an 'open source' base and digital network for all kinds of smart devices such as sensors, speakers and cameras.
The investment obtained will be used to make the most of the strong mega trends that drive the three main markets for the company's digital lighting platform: smart buildings, disinfection equipment and vertical farming. In each of these markets, the company's unique technology offers tremendous opportunities.
The advising Lundgrens’ team was comprised by:
Peter Mollerup
E-mail: pem@lundgrens.dk
Phone: +45 3063 8376
Stine Bernt Stryhn
E-mail: sts@lundgrens.dk
Phone: +45 5192 6989
