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Vend Marketplaces ASA Completes Share Issue to Strengthen Market Position

Story Highlights
  • Vend Marketplaces ASA specializes in digital marketplaces across various sectors.
  • Vend completed a share issue with 5.3 million shares subscribed, enhancing market operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Vend Marketplaces ASA Completes Share Issue to Strengthen Market Position

TipRanks Black Friday Sale

Schibsted ASA ( (GB:0R9I) ) just unveiled an announcement.

Vend Marketplaces ASA announced the completion of a share issue involving 6,204,568 new ordinary shares at a subscription price of NOK 0.50. The subscription period closed with approximately 5.3 million shares subscribed. Shares not subscribed by shareholders in certain jurisdictions will be sold by Danske Bank A/S, with proceeds distributed to rights holders. This move is part of Vend’s strategic efforts to consolidate its share classes and enhance its market operations.

The most recent analyst rating on (GB:0R9I) stock is a Hold with a NOK378.00 price target. To see the full list of analyst forecasts on Schibsted ASA stock, see the GB:0R9I Stock Forecast page.

More about Schibsted ASA

Vend Marketplaces ASA is a leading Nordic company specializing in digital marketplaces across sectors such as Mobility, Real Estate, Jobs, and Recommerce. The company aims to provide seamless digital experiences while focusing on sustainable value and long-term growth. Vend holds a 14% ownership in Adevinta, a company spun off in 2019.

Average Trading Volume: 196,642

Current Market Cap: NOK67.42B

For an in-depth examination of 0R9I stock, go to TipRanks’ Overview page.

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