When do you think the actual listing will take place? In other words, how long does it usually take from information to listing? My address is still abroad, so I can’t participate. I’m wondering if I’ll still have time if I return on April Fool’s Day, or if I need to start looking into legislation to see if I can officially expedite my return.
The event is already full. We will check with the company if we can get more people there. Luckily, there’s always a webcast 
Bilot Oy:n esittelytilaisuus Valkoisessa Salissa tiistaina 3.3.2020 klo 18:00 alkaen - Inderes
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Let’s see if I have time to look into it, meanwhile, I recommend familiarizing yourself with Inderes’ analyses once they become available… they are the best source of information 
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Well, the terms of the offering are already known at that point, so presumably the offering will be in the same or the following week.
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Often, the offering has already started a day or two before the presentation event, so likely in the first week of March.
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https://www.itewiki.fi/bilot/kokemuksia. “The page brings together customer experiences, recommendations and referees that Bilot has included in its references.”
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Bilot’s investment research can now be found in the inderes.fi service 
Digitaalisen liiketoiminnan asiantuntija - Inderes
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When will Bilot be listed?
To be honest, I’d be tempted to subscribe for the full 15K shares if I have the trading cash available, provided the oversubscription seems clear enough. I’ve been able to take advantage of the so-called IPO anomaly quite well, for example in Fodelia’s and Musti Group’s offerings, both of which skyrocketed compared to the subscription price.
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Yes, the overall pricing of the offering seems very interesting. I’ll probably try to subscribe to some crumbs myself. It would be interesting to know if the subscription price was lowered due to last week’s events, or if that was even possible at this stage.
So I have a company @Dachs_Hund, through which I would participate, I need to look into that institutional offering thing, thanks for the tip 
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By the way, does anyone have more information than I do about what that line concretely means, and what regulations it refers to?
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Even if you buy 10,000, you probably only get a few shares, maybe 200, but I’ll still participate and buy more from the offering. I’ve been waiting for this company to go public. It seems like an excellently managed company with big clients, and the company has been very capable.
This is what it says on Bilot’s (Bilot) website, could it be that I would meet the definition of an “institutional investor” simply based on the subscription amount
In previous offerings in Finland, the institutional limit has only been the subscription amount. However, it’s worth remembering that the subscription is paid only afterwards, so you don’t accidentally “break” it.
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The issuer has free rein to decide how the institutional offering is distributed and to whom. Shares are not necessarily distributed evenly in proportion to the subscription; you might get none at all or even all of them, while someone else might be left empty-handed without shares.
The logic behind this is that professional investors do not have the same rights/protections as retail investors, and the company has a better chance to influence its ownership structure.
It’s better for the company to attract long-term/stable owners to the story, rather than “vultures” who only swoop in for quick profits. Such “vultures” could potentially derail the stock’s price development in its early stages.
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What does this concretely mean? I’ve understood that when you subscribe to shares in an IPO, you first pay your entire subscription price, and then later the so-called “surpluses” (i.e., the amount of money not used to buy shares) are returned to your account after some time.
As far as I know, in an institutional offering, shares are paid for only when the exact number of shares is known, whereas for private individuals, the process works as you described.
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Ok, thanks @investori! And yeah, I generally know what I’m doing/what kind of risk I’m taking. Inderes’ investment research seems really encouraging, but I’ll make the final investment decision later, there’s plenty of time. It’s clear that I’ll probably close the trading taps by the end of next week, the matriculation exams start on March 10th and end on March 26th 
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Answering questions related to the analysis here! There’s a company presentation event on Tuesday, so you’ll also have the opportunity to ask us or the company questions then.
In short, why we joined this:
-good market
-service areas are positioned in interesting market areas
-high entry barrier in service areas
-a sensibly built company, developed patiently over time
-numbers in order for several years
-valuation reasonable even with realized figures
The company is small, but at least in the last decade, the biggest value appreciation in the sector has been seen in companies when they grow from 100 people to 500 people. In the last decade, every company (both listed and unlisted) experienced significant growth pains at the magical 500-person mark.
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