Company: ChargePanel
Ticker: $CHARGE
Website:https://www.chargepanel.com/
Industry:
ChargePanel specializes in the management, operation and usage of Electric Vehicle Charge Points.
We provide adaptable solutions for charge point owners, resellers and organizations.
Pre money valuation: 7,78 MUSD or 71 MSEK
IPO offering size: 2,73 MUSD or 24,9 MSEK
IPO signup period: 16-30th of November.
IPO date: The first trading day is anticipated to be 9th of december 2021 at First North
Prospectus: https://www.chargepanel.com/sv/ir/detaljer-ipo/
IPO price: 0,65 USD or 5,9 SEK
Target price: Analyst group has put a (what ESGFIRE thinks is a conservative) target price of 0.94 – 1,13 USD or 8,5-10.2 SEK in a Base / bull Scenario.
ESG Comments: Chargepanel today announces that they have received an interest of 365 % for their IPO financing. This constitutes subscription of 10,11 MUSD / 91.25 million SEK of the 2,77 MUSD / 25 Million sek IPO. The company will be getting approximately 1100 new shareholders through the IPO. CEO of Chargepanel Jan Berggren commented “I am very happy and grateful for the big interest in our company and that we will be getting approximately 1100 new shareholders in Chargepanel. We look forward with joy towards an exciting future!”
We have previously written an analysis explaining why we are signing up for this IPO and we will also be buying shares on the day of the IPO despite possibly higher evaluation with this in mind. The first trading day will be 9th of december on Nasdaq First North.
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We may on the date of the IPO own shares of this company personally.
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