Since December 2018 Storytel’s class B shares have been traded on Nasdaq First North Growth Markets. Storytel was admitted for trading on Spotlight Stock Market on 25 August 2015 and has since then raised capital through preferential rights issues. The latest share issuance was completed on 12 September 2018 in which the Company raised approximately SEK 500 million through a directed issue.
The Company’s board and executive management believe that a listing of the Company’s class B shares on Nasdaq First North Growth Markets is a positive and important step in Storytel’s journey to become one of the leading providers of digital books in the world and strengthen the Company’s brand on the market. Moreover, the listing change can give Storytel further access to Swedish and international stock market investors which facilitates for Storytel to be successful in realising its growth strategy, through organic growth and acquisitions.