Meltwater IPO makes millions for founder and executive team

December 7, 2020 10:03

Global news monitoring business Meltwater has listed on the Euronext Growth Oslo, Norway. The IPO on 2 December raised gross proceeds amounting to NOK 3,480 million (approximately A$536 million).

The initial sale shares in the company were sold by chairman and founder Jørn Lyseggen, Big Data Holding as well as certain employees of the company on a pro rata basis. An additional seven million sale shares were sold exclusively by Lyseggen. The proceeds from the sale of the additional shares will be used by Lyseggen to repay in full a loan with a current balance of around US$35 million (A$47 million).

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Olivia Kruimel

Olivia Kruimel was the managing editor at Mumbrella. She has more than 15 years of experience in journalism, communications and marketing. Her journalism career began at Fairfax Media (now part of Nine) and includes various B2B publications such as B&T, Travel Today and ALB. As a marketer Olivia has worked for Standard Chartered and various global law firms.