Self-storage units and van rental company Cityvarasto plans to list on Nasdaq’s First North trading venue.
According to the company’s co-founder and CEO Ville Stenroos, the planned listing seeks capital for expansion and the opportunity to make acquisitions with its own shares.
The company’s goal is to grow from the current 75 locations to one hundred locations by 2029. In terms of financial figures, the goal is 12 percent annual growth in revenue and an operating margin of over 50 percent.
Cityvarasto was founded in 1999. According to Stenroos, the company’s business has grown at an annual rate of approximately 20 percent for the past ten years. Last year, revenue was 22.4 million euros and the operating margin was 10 million euros.
Europe’s largest IPO is coming in Sweden. If €3 billion is to be raised, then now at least the argument that large companies would be forced to list in the US due to a lack of capital in the Nordics is being acid-tested.
Posti was so heavily oversubscribed that one wonders if the IPO floodgates will now open? Those waiting in the wings have now gained momentum and will be pushing through the door in a queue right at the beginning of the year
As long as they remember moderate pricing, like in Posti’s IPO. Cityvarasto was too expensive, as only 1000 were interested in it and the start has been sluggish. It would be nice to get offerings from small growth companies organized by Evli.
Tukholmassa hanat aukeemassa. Noba meni hyvin ja nyt tämä 3,6 mrd järkäle-ipo.
The Switzerland-based alarm systems provider’s float is the latest in a broader revival in Europe’s IPO market after a sluggish first half of the year when several planned listings were pulled due to trade tensions and concerns over conflict in the Middle East.
“STT news,” was once the most reliable phrase on the radio. It was even pronounced with a certain emphasis. STT was like an official spokesperson one could trust. In practice, it probably produces short translated messages about international events for newspaper editorial offices’ telexes… I mean, emails. Quality is still evidently important to STT. And does quality increase costs?
Has that organization become rigid (in its own importance?) to the extent that even its own owners are starting to avoid its services? The same news can be found quickly on the internet, and correctness of language no longer matters as much as before? Even a small newspaper’s editorial staff knows English. Has time simply passed it by?
Could STT be reformed and even go public? How should it be reformed?
That’s exactly why I opened this… When you look at STT’s photos, there are Photographers behind them. When you read the articles, their writers know journalistic Finnish. But nowadays, skillful photos are also taken with mobile phones, AI checks texts. Is it necessary for every photo to be a work of art and every text linguistically flawless? Poorly spoken Finnish is an increasingly common language, and a worrying portion of university graduates don’t know compound word or comma rules, but they make a good living.
Should STT focus on difficult stories that regional newspapers can’t afford and weekly magazine contributors don’t have the expertise for? Mobile phones, AI, freelancers, or what is causing the decline in STT’s usage? I bet the biggest culprit is STT itself, having become outdated. STT will die or go public and reform.
No smoke without fire… Framery plans to list on the main market.
A moderate 20 MEUR offering is planned, even though the revenue estimate for 2025 is 214-226 MEUR, and adjusted operating profit is 48-54 MEUR. A dividend of 70-90% of the fiscal year’s profit is promised.
This caught my eye. One has to wait a while, but those interested can follow along.
HTGP Group employs over 60 experts, and its turnover will exceed six million euros in 2025. Growth has been over 100 percent annually in recent years, and the group’s goal is to be listed on the stock exchange by 2028.
Fazer’s IPO seems to be just around the corner. Here the CEO clarifies the plans. A dual listing in Helsinki and Stockholm, among other things, is under consideration.
Sensofusion, specializing in drone warfare, potentially heading to the Helsinki Stock Exchange, possibly as early as this year. Already at this stage, it smells like an oversubscribed offering…
Yesterday I came across Fazer products made in Finland at a local shop on the island of Langkawi in Malaysia, which is relatively unknown to the general public. You’d think the brand is ready for an IPO if its products are finding their way onto store shelves globally like this. Peers were found on the adjacent shelves, such as Lindt, Toblerone…
There is also a story about Sensofusion on YLE. This year’s IPO plans are confirmed here as well.
For the current year, Rasila has two goals for the company: to develop even better products and to seek growth momentum from the Helsinki Stock Exchange.
– My own dream is that we could establish a listed company in Finland that is capable of making the world’s best products in this industry. I see the stock exchange as a platform that would allow more people to be involved, Rasila explains the reasons for a potential listing.
