On Friday 27 May 2016, the forthcoming listing of the auction house Lauritz.com on Nasdaq First North Premier was announced.

Lauritz.com has since 1998 been a first mover in the international auction industry by shifting focus from traditional physical auctions to online auctions. Lauritz.com expects that the listing of its shares will enhance its leading position on the Nordic market and ensure the company’s future international development.

The offering comprises in total up to 12,626,794 shares (excluding the overallotment option and the option of up-sizing) consisting of both new shares and the current majority shareholder’s sale of existing shares. The offering shall ensure gross proceeds of in total SEK 70 million. At the same time, the majority shareholder pays back an intercompany loan, whereby the company is strengthened with additional DKK 110 million.

Trading in the shares of Nasdaq First North Premier is expected to commence on or about 9 June 2016.