24 April 2017
Gernandt & Danielsson advises SSM Holding AB (publ) in relation to its listing on Nasdaq Stockholm
The shares in SSM Holding AB (publ) have on 6 April 2017 been admitted to trading on Nasdaq Stockholm. In connection with the listing, the general public in Sweden and qualified investors in Sweden and abroad were offered shares corresponding to approximately 29 per cent of the total number of shares in SSM after completion of the offer (assuming full exercise of the overallotment option). The newly issued shares will provide the company with gross proceeds of approximately SEK 540 million before deduction of transaction costs related to the offering.
SSM has been operating in the Stockholm region since its founding in 1993. The company is owned by the co-founders Ulf Morelius and Ulf Sjöstrand. SSM's project portfolio currently comprises close to 5,800 apartments in planning or construction phase. That makes SSM the leading operator within residential development and housing construction in Stockholm within its niche, with highly functional and affordable apartments for its target group, which is designated by SSM as the urbanites of tomorrow. More information about the offer and the admission to trading is available in the prospectus which was registered and approved by the Swedish Financial Supervisory Authority on 27 March 2017.
Gernandt & Danielsson advises SSM with a team consisting of Partner Mikael Borg, Senior Associate Leo Lee and Associates Philip Rämsell, Erik Svärd and Olle Wännström.