We advised Tamtron Group Oyj in its initial public offering on the Nasdaq First North Growth Market, one of the few successful listings on the Finnish market in a year of challenging market conditions.
Tamtron raised EUR 10 million in the IPO and, in addition, EUR 2 million in shareholder and other loans were converted into shares. The subscription price of EUR 6.28 per share corresponds to a market cap of approximately EUR 41 million. Trading in the Tamtron shares commenced on Nasdaq First North on 2 December 2022.
Tamtron is an international weighing technology company and data management systems provider. Tamtron supplies solutions to over 60 countries, to all major industries, including civil engineering, mining, forestry, waste management and recycling, ports, transport and logistics, process and manufacturing. In addition to weighing equipment, Tamtron also provides its customers with comprehensive life cycle services, including verification, maintenance and spare parts services. The weighing data software developed by Tamtron helps customers to automatically and effortlessly integrate all data into a single system utilising the latest technology and cloud services. At the end of June 2022, Tamtron employed 176 people.