Pexip lists on Oslo Børs


NOK 2,394 million raised – market capitalisation of NOK 6.2 billion

Oslo 14 May 2020 – Euronext today congratulated the videoconferencing company Pexip on its listing on Oslo Børs (ticker code: PEXIP).

The total IPO transaction[1] raised gross proceeds amounting to NOK 2,394 million (~ EUR 217 million). The admission and issue price of Pexip shares was set at NOK 63.00 per share. Market capitalisation was NOK 6,238 million (~ EUR 566 million) on the day of listing.

Pexip will have 99,011,389 shares outstanding following the issuance of the new shares in and connection with the IPO. The number of shareholders exceeds 7,000.

The IPO was solely marketed virtually, and attracted strong interest from a high number of Nordic and international institutional investors, as well as retail subscribers in Norway and Sweden. The offering generated total demand in excess of NOK 30 billion, and was more than 20 times oversubscribed excluding shares pre-allocated to cornerstone investors.

“We used our own video conferencing platform to conduct 99 percent of the IPO process – investor roadshows, meetings, and book-building – by video. Meetings were conducted with investors in over 15 cities worldwide,” comments Odd Sverre Østlie, CEO of Pexip. 

“Working on video allowed for last minute changes and flexibility in a packed agenda. The fact that 100 percent of the virtual 1-1 road show meetings led to subscriptions to the IPO, demonstrates that holding the meetings virtually made them no less impactful.”

“Furthermore, our calculations show that we saved over 1700 hours of travel time, and over 80 tons of CO2. In conclusion, conducting the process on video saved time and emissions and made the process much more efficient,” concludes Østlie.

“We would like to extend a warm welcome to Pexip. There has been a steady stream of new tech companies listed in Oslo in recent year. Several of them are global leaders and well-known brands, such as Kahoot! and Pexip. Euronext is the number one venue in Europe for tech companies. We are gathering forces to attract even more companies,” comments Øivind Amundsen, the President and CEO of Oslo Børs.


[1] The offering in summary (

The total IPO transaction size is 38,000,000 shares, with gross proceeds amounting to NOK 2,394 million:

  • Pexip issued 17,000,000 new shares in the IPO, raising gross proceeds of NOK 1,071 million.
  • The selling shareholders sold 17,000,000 shares in the IPO, for total gross proceeds of NOK 1,071 million.
  • The Joint Global Coordinators have over-allotted 4,000,000 shares (greenshoe option).

About Pexip
Pexip is a software technology company that delivers an end-to-end video collaboration platform uniquely suited for the needs of both end-users and IT professionals in large corporations and organizations. The group provides a video-first meeting platform that enables anyone to join regardless of technology, and that can be consumed as a Software-as-a-Service or as a dedicated deployment in a cloud compute environment.

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About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With more than 1,900 listed issuers and around €6.5 trillion in market capitalisation as of end June 2023, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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