The public listing of Betolar, a company revolutionizing the concrete industry globally, and the related share issue were a massive success, with the issue being several times oversubscribed. Betolar received around EUR 35 million in the IPO to accelerate international growth and product development.
With the IPO, more than 4,300 new shareholders will be able to save the world, slow down climate change and benefit from the global need for green construction. The stock market bell rang in the Nasdaq gallery on Thursday morning, December 9, 2021, when trading in Betolar shares (BETOLAR) began.
Functos and Superson acted as Betolar's communications advisers in the IPO. Brande, a business design agency, was also involved in marketing the share issue. We formed an efficient team that also included SEB as lead arranger and Roschier as legal counsel. Big thanks to all our partners!
When we visited Betolar's headquarters in Kannonkoski in the summer of 2021, we were convinced that the company's business idea to replace cement in concrete production with the Geoprime solution would be a revolutionary innovation both from a business and environmental point of view.
Betolar, its management and other personnel impressed us with their expertise and commitment. We would like to congratulate and thank Betolar's management, staff and shareholders for their excellent public listing.
Wishing all the success to Betolar’s stock market journey and the green conquest of the world!