Borenius advised LeadDesk Plc on its Nasdaq Helsinki First North IPO – our 20th completed listing in less than four years

We advised LeadDesk Plc on its initial public offering (“IPO”) to Nasdaq Helsinki First North Finland. Trading in the company’s shares on First North Finland began on 15 February 2019 and LeadDesk was the first company to list on Nasdaq Helsinki in 2019. The LeadDesk IPO further exemplifies the globally growing trend of public offerings from software-as-a-service (“SaaS”) companies.

LeadDesk is a rapidly expanding and globalising SaaS company operating on the cloud-based software market in Europe. The company offers its LeadDesk cloud service to meet the needs of high-volume sales teams and customer service providers and the company has grown into the leading supplier of sales and customer service software delivered as a cloud service in the Nordic countries. The company’s turnover has grown by an annual average of 46% during the past six years (2012–2018). The company has offices in six countries in Northern Europe and its cloud service is used by over 700 customers in 34 countries.

LeadDesk’s IPO also constituted another milestone for Borenius’ equity capital markets practice, as it marked the 20 completed Nasdaq Helsinki listing for Borenius within a timespan of less than four years. During this time period Borenius has advised clients in a wide variety of listings covering both international and transatlantic IPOs of well-established companies in addition to IPOs and technical listings for exciting emerging technology and growth companies, whose true impact on the global markets still continues to unfold. Borenius is proud to have been able to advice clients in all of these listings of which LeadDesk’s IPO marks the latest materialisation of Borenius’ mission to help our clients shape our common business landscape.

We have a strong track record on Nasdaq Helsinki listings completed from 2015 through 2019 (YTD) measured either by the aggregate volume or the aggregate offering size throughout this time period. During these past four years we have worked on 20 completed Nasdaq Helsinki listings with an aggregate capital raised of over EUR 2.0 billion in these IPOs.