About the IPO
SMART VALOR is a trusted gateway to blockchain technology for investors and institutions. On the B2C (Business-to-Consumer) side, SMART VALOR offers trading, brokerage, custody, and discretionary asset management to its customers from over 130 countries. Digital assets on the platform include over 170 trading pairs of cryptocurrencies, blockchain protocols, DeFi and metaverse assets. On the B2B (Business-to-Business) side, its API-based Crypto-as-a-Service offering is aimed at enabling banks and fintech companies to offer digital assets to their customers. SMART VALOR’s NFT marketplace, VALOR Prime, launched in Beta stands out for payment with fiat currencies and NFT custody.
SMART VALOR is the first and only full-service digital asset investment platform and exchange operating under the regulation of Switzerland and Liechtenstein. It received financial intermediary status in Switzerland in 2018. In 2020, the Financial Market Authority of Liechtenstein gave SMART VALOR exchange and custodian authorization.
In acknowledgement of its technology leadership, the Swiss Government selected SMART VALOR for an innovation grant through Innosuisse and Forbes nominated the company as a top 10 most exciting technology SME in Europe.
On February 3, 2022, the subscription period in SMART VALOR’s issue of SDRs ended. There was a large interest and the offering to institutional investors and the general public in Sweden was oversubscribed.
Prior to the IPO, the board of directors resolved on two private placements of approximately SEK 110.6 million. The private placements consist of one approximately SEK 37.0 million directed set-off issue and one approximately SEK 73.6 million directed cash issue, which generated a large interest and was oversubscribed.
The offering and the private placements entailed an increase in the number of SDRs in the Company by 2,301,380 SDRs, from 12,890,801 SDRs to 15,192,182 SDRs.
SMART VALOR's SDRs started trading on Nasdaq First North Growth Market on February 10, 2022.
Nasdaq Bell Ringing Ceremony
The Offer in Summary
| Total number of SDRs before the Offering | 12,890,802 |
| Subscription price | SEK 57.50 |
| Issue volume | SEK 21.7 million |
| Issue volume, over-allotment option | SEK 3.3 million |
| Pre-money valuation | SEK 741.2 million |
| Marketplace | Nasdaq First North Growth Market |
| Subscription period | January 21 - February 3, 2022 |
| First day of trading | February 10, 2022 |
Files
Company Description - Swedish Version | Download Company Description SV |
Company Description - English Version | Download Company Description EN |