Qliro Raises SEK 101 Million in Oversubscribed Rights and Overallotment Issues

An announcement from Qliro AB ( (SE:QLIRO) ) is now available.

Qliro has completed an oversubscribed rights issue, raising approximately SEK 60 million before costs through the issue of up to 3,541,244 new shares, of which about 77 percent were taken up with subscription rights. Strong demand, including subscriptions without rights amounting to roughly 114 percent of the offer, lifted total demand to around 191 percent of the initial issue size.

In response, the board exercised a previously approved overallotment option, adding roughly SEK 40 million in proceeds and bringing the total capital raised to about SEK 101 million before transaction costs. The combined rights and overallotment issues will increase the share count to 34,190,618 and dilute non-participating shareholders by about 17 percent, while providing funding to support Qliro’s expanding loan book and its ambitions to cement a leading position in Nordic payments.

More about Qliro AB

Qliro AB is a Swedish fintech company that provides digital payment and credit solutions, with a focus on e-commerce merchants in the Nordic region. The company supports merchants in countries including Sweden, Norway and Finland, offering products that help manage payments, consumer financing and growing loan books linked to online retail transactions.

Average Trading Volume: 28,791

Technical Sentiment Signal: Sell

Current Market Cap: SEK569.4M

Learn more about QLIRO stock on TipRanks’ Stock Analysis page.