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Evli acted as Lead Manager in the EUR 8 million IPO of Netum. The IPO was completed successfully and trading in the company’s shares on Nasdaq First North Growth Market Finland began on 2 June 2021. The valuation of the Company’s outstanding shares, based on the subscription price of the institutional and the public offering, was approximately EUR 36.8 million immediately following the IPO.

The IPO was structured as a share issue, whereby the company received gross proceeds of EUR 8 million. The IPO was oversubscribed, and Netum received more than 6,000 new shareholders.

Netum is a profitably growing IT-services provider with more than 20 years of experience in challenging IT projects. The Company serves public administration and corporate customers with the Legacy to Digi® -concept, which combines existing traditional IT solutions with the latest digital applications – responsibly and securely. Netum’s goal is to be the most trusted partner and the most desirable employer in its field. Netum’s services include development of digital services, systems continuity services, integration services, cyber security services and management consulting services. In addition, the Company has two proprietary SaaS softwares, a message validation platform Truugo, and IT asset management system Netum DUX. Netum’s net sales in 2020 were EUR 17.5 million and the Company has more than 160 employees in Finland.

More information on Netum can be found on the company’s website

For more information, please contact:

Olli Kangasniemi, Evli Bank Plc, Corporate Finance, tel. +358 40 579 6210

Sebastian Seppänen, Evli Bank Plc, Corporate Finance, tel. +358 50 544 0645

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