NEXT Biometrics Group AS completes USD 15.8 million equity raise

2013-10-10 08:31:24

NEXT Biometrics Group AS has recently raised USD 15.8 million in an equity issue to fund further growth of the Company, through the issuance of 1,264,900 shares at an issue price of NOK 75 per share. Over the last weeks, NEXT has completed a roadshow in Scandinavia, UK, and the US, presenting its corporate strategy and plans for future development to investors. The issue was oversubscribed and well received by investors including a number of high quality institutional funds. Arctic Securities ASA acted as manager for the equity issue.