Nordic IPO Tessin
Trading in shares in Tessin Nordic Holding AB (publ) began today on Nasdaq First North Growth Market
Stockholm, Sweden– Tessin Nordic AB (publ) (“Tessin”) – is announcing that trade in its shares began today, following the resolution by the annual general meeting of shareholders in Effnetplattformen held 21 May 2021, in accordance with the published notice, in favour of a distribution in kind and share issues as previously communicated, including in the company description that has been published and approved by Nasdaq Stockholm.
“The journey began back in 2014 when we founded Tessin. The constant objective has always been for Tessin, as the leading and largest provider of alternative financing to the real estate sector, to benefit from access to the public capital market to accelerate our growth”, says Jonas Björkman, CEO and co-founder of Tessin.
Tessin would also like to draw investors’ attention to the details of and background behind the structure of the reverse IPO, which are described in the previously approved and published company description, which can be read (in Swedish) and downloaded here.
For further information, please contact:
Thomas Ahlerup
Head of M&A, Investor Relations and Strategy
Tessin Nordic AB (publ)
Email: thomas@tessin.se
Mobile: +46-768-966300
About Tessin Nordic AB (publ)
Tessin was founded in 2014 and is now a leading Nordic digital investment platform in the property financing segment, in terms of brokered capital. At the end of 2020, Tessin had almost 55,000 registered members on the platform. The business is based on a proprietary digital platform that links property developers seeking loan financing with investors seeking exposure to a high-return asset class with balanced risk and backed by collateral, primarily property mortgages.
At present, Tessin primarily offers construction and bridge loans to small and medium-sized property companies and property developers. The loans are funded through the Tessin platform by a syndicate of private, professional and institutional investors who are given the opportunity to invest in secured real estate loans with attractive yields. Tessin currently operates in Sweden and Finland. Since its founding, the company has brokered about SEK 3.0 billion in financing to more than 270 different real estate projects. This has contributed making the building of around 5,000 residential units, as well as numerous commercial spaces and public buildings, a reality. Since the beginning, the equivalent of around SEK 1.9 billion has been repaid to platform members and the average annual return has 8-9 percent.
Visit our website to learn more about Tessin.
Financial information about Tessin is available online at Tessin Investor Relations.
FNCA Sweden AB is the Certified Adviser to Tessin. Tel +46 (0) 8 528 00 399 Email info@fnca.se