The Anoto share skyrockets following a private placement

Research Note

2015-03-23

22:10

Just as we predicted Anoto yesterday, Monday, decided to use the authorization of USD 4 million earlier this year to make a private placement of SEK 34 million (before transaction costs), to strengthen the working capital. As a result, the Anoto share skyrocketed with 16 percent, despite a dilution of 10 percent. We do not know who the new owners are, but we notice that Goldman Sachs and Neonet has been extremely aggressive on the buy side lately. Only yesterday, Monday, the two bough 13.4 million shares, This raises the question whether an institution or some other large player has decided to decisively buy into the Anoto share.

VW

Viktor Westman

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