TalkPool goes public

TalkPool designs, implements and maintains mobile and fixed line telecom networks as well as networks  and product solutions for the Internet of Things (“IoT”). TalkPool’s clients are among the world’s foremost telecommunications operators, system vendors and prime contractors. With an extensive network of contract engineers and telecommunications professionals, combined with the ability to recruit and manage local staff, TalkPool delivers a comprehensive range of on-site network design, engineering, implementation and managed services for both the traditional telecom and IoT-markets. The company is headquartered in Switzerland. The company’s core IoT & M2M center is based in Sweden.

The Offering consisted of an offering to the general public in Sweden as well as to institutional investors in Sweden and internationally, with a price of the Offering of SEK 22 per share. The Offering comprised up to 570,000 newly issued shares out of which 113,600 shares constituted an over-allotment option. The newly issued shares comprised 21 percent of the outstanding shares after the Offering.

The Offering raised proceeds of approximately SEK 10.0 million and the over-allotment option raised proceeds of approximately SEK 2.5 million, in total SEK 12.5 million before transaction costs. Approximately 800 investors have been allotted shares in TalkPool. Trading on Nasdaq First North Stockholm will commence on 24 May 2016 with the ticker “TALK”.

Erik Strömstedt, CEO comments: The raised proceeds and the listing will play an important part of our strategic development going forward. TalkPool has entered 2016 with a strong tailwind and a significant order backlog. This capitalization will strengthen our ability to gain further market share within IoT and further expand our joint venture and franchising offer – the Global Partnership Model. As important, the listing will support our efforts in recruiting more talents to the company.

Magnus Sparrholm, Chairman and founder comments: The listing of TalkPool is certainly an important milestone for the company and will strengthen our platform for growth, both organically and through acquisitions. The board and owners are proud of the great support from investors. We look forward to a continued great journey for Talkpool as a long-term service partner to many of the world's leading telecom network suppliers and operators and the exceptional potential in the recently entered IoT-market.

(Press Release)