CINT IPO Nasdaq Stockholm vol2

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Let’s try again with a better intro:

The company’s IPO window opened today. This is a Swedish digital research company, founded in 1998. The share issue is being arranged to secure funding and to reduce the ownership of the private equity investor. The product is a digital market research platform for companies. Market cap 850-974M€, free float 52-60%.
A few quotes:

Press release 1 February 2021: Cint intends to list its shares on Nasdaq Stockholm
Cint Group AB (publ) (”Cint” or the ”Company”), a global software leader in digital insights gathering, today announces its intention to launch an initial public offering of its shares (the “IPO” or the ”Offering”) and to list its shares on Nasdaq Stockholm. The Offering is expected to consist of both new shares issued by Cint and of existing shares in the Company offered by the Principal Shareholder.

Base offering size of 72,000,000 shares / approx. SEK 4,464 – 5,184 million / approx. EUR 442 – 513 million, comprising:
o Primary offering of between 10,555,555 and 12,258,064 shares / approx. SEK 760 million / approx. EUR 75 million
o Secondary offering of between 59,741,936 and 61,444,445 shares / approx. SEK 3,704 – 4,424 million / approx. EUR 367 – 438 million

My own view is maturing, what are your thoughts?

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The Modulight chain had holdings from Tin Fonder, and after researching them, I took a small tracking position in Cint. The share price development had still been reasonable, and after Q3, I bought a little more (the first positive result from this company). Cint has also expanded through acquisitions, e.g., Lucid Holdings from the USA. I believe that there will be demand in this research area in the future as well, and this also seems to combine the possibility of scalable growth. With this, I will probably go quarter by quarter. So, not an investment recommendation.

Company website

About the Lucid acquisition

Q3-2021 report, webcast, etc.

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Here is Salkunrakentaja’s article about CINT. :slight_smile:

The article quotes Handelsbanken analysts Daniel Djurberg, Fredrik Lithell, and Jesper Stugemo.

Despite the concerns of Handelsbanken’s analysts, the bank maintains its Buy recommendation for Cint Group over a three-month time horizon. The bank believes the stock will outperform the market and maintains a target price of 30 crowns (SEK) for the stock over a three-year period.

Subheadings:

  1. Towards more profitable products
  2. Stock price target well above the current price