Better Collective Announces Dual Listing on Nasdaq Copenhagen
Better Collective A/S, a prominent player in the iGaming industry, has revealed its plans for a dual listing of its shares on Nasdaq Copenhagen alongside its existing listing on Nasdaq Stockholm.
This strategic move is set to transpire in the fourth quarter of 2023, contingent on various regulatory approvals, customary listing conditions, and prevailing market conditions. Importantly, this dual listing will not involve the issuance of new shares, and the total number of outstanding shares will remain unaffected.
Rationale for Dual Listing
Better Collective’s Co-founder & CEO, Jesper Søgaard, underscores the significance of the dual listing, stating “Being a Danish-incorporated company and with our headquarters in Copenhagen, dual listing in Denmark is a natural next step for Better Collective. Since the Swedish IPO in 2018, we have significantly grown the business adding value for our shareholders, while putting forward a new vision to become the leading digital sports media group. Combined with the fact that we experience an increased interest in our company from both current and potential institutional investors in Denmark, we believe now is the right time to dual list in Denmark.”
Building on Success
Jens Bager, Chairman of the Board of Better Collective, reflects on the remarkable journey of Better Collective since its IPO in 2018. He said “Better Collective has delivered significant growth both before and after the IPO in 2018. The company is stronger positioned today than ever before and has embarked on an ambitious journey to become the leading digital sports media group. The listing in Sweden five years ago has been instrumental in contributing to the development of the business as it stands today, and now it is natural to dual list in Denmark where the company has its headquarters. The entire management team led by the founders of the company has managed to build a resilient business and not least a strong organization that will enable Better Collective to further elevate its footprint within the digital sports media world. Now we look forward to initiating dialogue and inviting more Danish investors to take part in that journey. ”
Better Collective’s decision to embark on a dual listing in Denmark marks a strategic move to strengthen its local presence and further its ambitions of becoming a leading digital sports media group. With a history of robust growth and a dedicated team, the company is well-prepared to take on new opportunities and invite Danish investors to be a part of its promising future.