The anticipated dual listing is projected to take place in the fourth quarter of 2023, contingent upon various factors, including approval by Nasdaq Copenhagen and compliance with customary listing conditions.
Better Collective says the contemplated dual listing aims to enhance visibility and brand awareness, given the company's Danish roots. Notably, there will be no issuance of shares associated with the dual listing and it will have no effect on the overall share count of the company.
Jesper Søgaard, Co-founder & CEO of Better Collective, emphasises the significance of dual listing in Denmark.
“Being a Danish-incorporated company and with our headquarters in Copenhagen, dual listing in Denmark is a natural next step for Better Collective. Since the Swedish IPO in 2018, we have significantly grown the business adding value for our shareholders, while putting forward a new vision to become the leading digital sports media group,” said Søgaard.
“Combined with the fact that we experience an increased interest in our company from both current and potential institutional investors in Denmark, we believe now is the right time to dual list in Denmark.”
Furthermore, Jens Bager, Chairman of the Board of Better Collective, says: “Better Collective has delivered significant growth both before and after the IPO in 2018. The company is stronger positioned today than ever before and has embarked on an ambitious journey to become the leading digital sports media group.
“The listing in Sweden five years ago has been instrumental in contributing to the development of the business as it stands today, and now it is natural to dual list in Denmark where the company has its headquarters.
“The entire management team led by the founders of the company has managed to build a resilient business and not least a strong organisation that will enable Better Collective to further elevate its footprint within the digital sports media world. Now we look forward to initiating dialogue and inviting more Danish investors to take part in that journey."
