Kempower is increasing the number of shareholders with an employee share offering and is experiencing respectable growth. Could the employee share offering be a sign of an intention to list on the stock exchange? To me, it seems obvious that it is. I don’t know the terms of the employee share offering, but I bet there will be quite a few new owners compared to the previous ownership distribution. The company makes the best quality in the world, the market is growing really fast, sales will easily absorb what can be produced, and production is being ramped up significantly. The old owners would certainly get a good price for their shares in this market situation, and growth could be realized with the money from new owners. When do you think Kempower will be listed?
Interesting opening! I’ve also been following Kempower’s story and sales progress lately, and listing has been on my mind as well.
May I be curious: where does such certainty come from?
They’re coming to the stock market despite everything 
Kempower - Finland’s own Zaptec?
Kempower’s operations are labor-intensive, as seen from the increase in employee numbers. Managing this will be a key factor for the future.
I have experience with this, albeit with smaller figures.
What could be the place of entry here?
Kempower’s Ristimäki boasts that they are years ahead of their competitors. Today’s Kauppalehti also features this story: Löytyikö tankkaukselle todellinen haastaja? Tämä laturi lataa sähköauton akun viidessä minuutissa | Kauppalehti
Kempower’s IPO definitely interests me, a lot!
Here are a few news links from this year that come to mind about the company itself. I’m also very interested in the IPO.
What a positive surprise 
As the CEO said in the interview, they operate in a market with a clear barrier to entry, which is naturally a good thing for investors, and this combined with strong growth in the target market in the coming decades is indeed a good thing.
In my understanding, this “cutting edge” S-series charger has proven to be really good, especially from the end-users’ perspective. These can be spotted on roadsides in Finland in the future, installed by S-Group (S-ryhmä) with ABC stickers, as @Jarppi4 already linked. Additionally, Recharge Infra (Recharge Infra) has also started to include these in their installations.
Carnegie Investment Bank AB, Finnish Branch, acts as the Lead Manager of the IPO (“Lead Manager”). White & Case LLP acts as Kempower’s legal advisor. Roschier Attorneys Ltd acts as the Lead Manager’s legal advisor. Miltton acts as Kempower’s communications advisor. Alexander Corporate Finance Oy acts as the Company’s Certified Adviser under the Nasdaq First North Growth Market Rulebook.
Some highlights from the slides
Figures
On order backlog: short, recognized as revenue depending on customers in about 1-3 quarters. Quarterly seasonal variations, some place orders 1-2 times a year.
On gross margin: There was some exceptional delivery that caused the gross margin to drop to 46%.
A very interesting newcomer with strong growth expectations, definitely requiring a deeper dive! As I understand it, the company’s owners are also not divesting their shares, which is a good sign.
Here is the morning briefing:
What always annoys me about these listings is that it’s extremely difficult to find any information on the actual price. What is the company’s value at the listing price?
My guess is a valuation of €200-300M
Kempowerin tiedotteesta.
https://investors.kempower.com/ipo
The following cornerstone investors have, subject to certain customary provisions, committed to subscribing for shares in the amount of approximately EUR 53 million in total in the contemplated offering, provided that the value of the company’s outstanding shares prior to the offering does not exceed EUR 219 million:
certain funds managed by WIP Asset Management Ltd;
Varma Mutual Pension Insurance Company;
certain funds managed by Evli Fund Management Company Ltd;
Ilmarinen Mutual Pension Insurance Company;
Nordea Life Assurance Finland Ltd;
Julius Tallberg Corp.;
Danske Invest Finnish Equity Fund;
certain funds managed by Sp-Fund Management Company Ltd; and
Kempinvest Oy (a holding company partly owned by the Chairman of the Board of Directors of Kempower, Antti Kemppi).
It could also be added that in a few previous offerings where a similar clause has been seen, the valuation has always been exactly that. So, I would assume it’s pretty safe to say that Kempower’s market value before the IPO will be approximately €219 million.
Thanks! Now, to the point!
How many chargers does the company need to produce, and what kind of facilities does it require for us to reach that 200M turnover in a few years?
Is there a weakening of profitability along the way?