I think we all hope that Helsinki would see significantly more listings than currently. The current situation is rather weak and clearly in a different league behind Stockholm. An increase in listings would enable more efficient capital markets, allow for more diverse listed companies, foster popular capitalism, and hopefully, in the long run, support the domestic economy.
I would like to discuss what thoughts you have on potential listing candidates. It would help to better understand what kind of companies there are in Finland and what the future might look like. Most likely, once a listing is confirmed, discussions regarding that specific company can continue in separate threads.
A pleasant surprise for me was when Wolt announced its interest in listing. I haven’t heard more about it, and I don’t know if Helsinki is the target exchange. Companies like Wolt, i.e., global growth tech companies, are not abundant on the domestic exchange, and it would be excellent to get them, which would certainly help the entire stock market. Otherwise, next year, at least financial administration companies are likely to list, but I can’t say much more about them.
This week/last week I saw a picture on this forum (or from a link) of potential companies that might be listed in Helsinki in the coming years, but I can’t for the life of me remember where I saw it. If anyone knows what picture I’m talking about, please post it in this thread.
Sijoitusasunnot.com was looking for a CFO with IPO experience a month or two ago. I wonder if First North was mentioned in the recruitment ad. I couldn’t find the recruitment news on Google anymore.
I’ve been dreaming of Motonet, but it probably won’t happen as the family business is growing “sufficiently.” But perhaps if international growth in Sweden starts to interest the company, then it might list…
They have a fairly comprehensive selection of car spare parts. Many small repair shops directly tell customers to go get the part from Motonet and bring it in, and they’ll install it. Now Motonet has even added repair shops in connection with their stores, so I would say that if you need to get your car back on the road quickly, it’s the only option in Finland with sufficient stock for that.
Edit: A little financial background from Taloussanomat: “Motonet Oy’s revenue was 350.5 million euros in 2019 and it employed 1317 people. Revenue increased by 8.6 percent. The profit for the financial year was 354,000 euros and the operating profit percentage was 9.9. The company’s equity ratio was 19.5 percent.”
One potential candidate could be the smart needle company Injeq Oy. The company recently sought additional capital through crowdfunding via Invesdor. The company itself has expressed its desire to list on the stock exchange at the general meeting. The offering sold out in 30 hours. Too bad I missed out.
Injeq, Solwers, and Naava are all potential IPO candidates, and they’ve also talked about it themselves. These are interesting to follow, even for small ownership positions.
Apologies straight away for deviating a bit from Helsinki-listed companies.
However, it is about a Finnish company. Yepzon has informed its investors that it is working determinedly towards listing, albeit on the Swedish stock exchange.
Are there any views on this company and its possibilities?
Sitowise, “The Smart City Company,” a consulting firm for the built environment, has prepared for an IPO within the next 1-2 years as part of its strategy. Growth has been achieved through the merger of Sito and Wise, as well as numerous other acquisitions. The client segment appears to be focused on the public sector. The company operates in the Finnish market, but has also made inroads into Sweden, where recent acquisitions have been targeted.
M-Files; a single-product company that has gained market share miraculously well, even though the product is what it is. It solves problems in companies with another, hopefully slightly smaller, but much more expensive problem. I wouldn’t go for a share issue; I probably wouldn’t get it that cheap.
HappyOrNot; a single-product company, at least in its public image, but an ecosystem could be built around it, and the audience would also be interested. Those who have invested money would get theirs back. I could buy it if the price is reasonable and the product is right.
I don’t necessarily subscribe to that M-Files analysis. I’d rather see M-Files’ product as a “rough diamond” (well, if not quite a diamond, then at least a ruby). The product has performed excellently in Gartner’s evaluations and apparently is well-suited to the increasingly common remote work format.
HappyOrNot would interest me precisely because of its ecosystem potential.
My analysis is that M-Files is a system developed by Satan to increase people’s self-destructiveness. I’ve used it for a few years, and wow, it’s so clunky and confusing. So, an IPO is probably likely Of course, it’s a bit like SAP, which has also grown large even though I don’t like that system. It sometimes contains completely bizarre operational logic…
Edit: It could, of course, be that I’m too rigid (and not the system), but I’m not resistant to change.
Of course, it’s a bit like SAP, which has also grown large even though I don’t like that system. It sometimes contains completely bizarre operational logic…