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Tamturbo Oyj
Nasdaq First North Finland (Finland)
Tamturbo is a Finnish technology company that enables cleaner and more energy-efficient industrial production with a new generation of Touch-Free™ compressor technology and service.
Sector:
INDUSTRIALS
>
Industrial Engineering
Instruments & Events
The shares and options available for this company. Including past events like IPOs, direct listings and exercise periods.
Type
Ticker
ISIN
Market
SHARE
TURBO
FI4000260682
Nasdaq First North Finland
Finland (FI)
Details of share in Tamturbo Oyj with ticker TURBO
Status
Inactive
Order book id
Amount of instruments
Par value
Market cap
Currency
EUR
First trading date
09 Jun 2020
Terms
Type
Price
Pre-money valuation
Time
Files
IPO
3.00 EUR
19.2M EUR
18 May - 29 May 2020
Listing in Tamturbo Oyj has been cancelled
Market
Nasdaq First North Finland
Subscription period
18 May - 29 May 2020
Subscription price
3.00 EUR
Price per share
3.00 EUR
Target to raise
6 000 000 EUR
Types
Share issue
Pre-money valuation
19 200 000 EUR
Subscription block size
Minimum subscription
300
Record date
Offer status
Closed
Listing status
Cancelled
First trading date
09 Jun 2020
Issue terms
Open to the public.
Comments for offer & related information
The company issues 2 000 000 shares. If the IPO is oversubscribed, the Board of Directors of the Company may increase the number of Offer Shares by an additional share allotment of up to 500,000 additional new shares in the Company (“Additional Share Allotment”).
Certain funds managed by OP Fund Management Company LTD, the current shareholders EAKR-Aloitusrahasto Oy, KWH-koncernen AB, Nurmiranta Holdings Oy as well as other investors (the “Cornerstone Investors”) have given their pre-commitments to subscribe for Offer Shares in the IPO. The total pre-commitments from the Cornerstone Investors are EUR 3.0 million, corresponding to 50.00 per cent of the IPO. The Cornerstone Investors’ pre-commitments are conditional on, among other things, the Company’s commitment to allocate 100 per cent of the respective subscribed amount to each of the Cornerstone Investors

Comments for listing & related information
Update (11 May 2020): Tamturbo is planning a listing on Nasdaq First North Finland. The IPO would open up the capital markets for the Company and strengthen its awareness and credibility among customers, suppliers and potential new employees of the Company. The IPO would also enable more liquidity in the Company’s shares. The planned IPO is expected to consist of a new share issue. The objective of the planned IPO is to support growth in line with the Company’s strategy by enhancing the Company’s global growth strategy for its sales, marketing and customer service as well as for expanding the Company’s other operations. The Company’s largest shareholders would enter into ordinary lock-up agreements and many of them would also enter into subscription commitments in the IPO.
Augment Partners AB acts as the financial adviser to the Company in the IPO and as the Certified Adviser according to the First North Nordic Rulebook.
Update (29.05.2020): Tamturbo withdraws oversubscribed IPO due to investment from strategic partner.
Result of offer
Tamturbo withdraws oversubscribed IPO due to investment from strategic partner.
People
Timo Pulkki
CEO
Sami Somero
Chairman of the board
Kjell Antus
Board member
Heidi Ahonen
Board member
Hannu Rusanen
Board member
Johanna Ylikoski
Board member
Company Details
Sector
INDUSTRIALS

Address
Koskikatu 7 A 5
Zip code
FI-33100
City/district
TAMPERE
Country
Finland (FI)
Registration number
2326864-0
LEI code
743700DWIDWP0Z2AGY34
First trade date
09 Jun 2020
Registration date
23 Mar 2010
Short name
Tamturbo
Largest shareholders

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