Clifford Chance advised Ferratum Oyj in connection with its successful €110.8 million initial public offering and listing of its shares on the Prime Standard of the Frankfurt Stock Exchange.

The Finnish Ferratum Group, a pioneer for mobile micro credits in Europe, offers short-term consumer loans. Ferratum’s customers can utilize digital media to apply for consumer credit in amounts varying between EUR 25 and EUR 2,000. Ferratum is operating in 20 countries worldwide and is among the first European FinTech companies which completed an IPO in Europe.

The IPO involved the sale of new shares of Ferratum and the sale of existing shares of Ferratum's shareholders. The order book was considerably oversubscribed and the offer price for the shares was fixed close to the upper end of the price range at €17.00 per share.

Clifford Chance advised with regard to the IPO and related matters and acted as international transaction counsel managing the transaction. The team consisted of partner Sebastian Maerker, counsel Dr. Felix Biedermann, senior associate Dr. Axel Wittmann, associates Said Ashrafnia and Peter Becker (all Banking & Capital Markets) as well as partner Dr. Uwe Schimmelschmidt and Olaf Mertgen (both Tax) – all Frankfurt.