19 Jul 2017
WH Partners acted as the legal advisor to Aspire Global plc, a Malta public company, on all Malta-related aspects in relation to the listing of the company’s shares on Nasdaq First North Premier in Stockholm, including on the conversion of Aspire Global to a public limited company, dematerialization of the shares with the Malta Stock Exchange and the subsequent affiliation of the shares with Euroclear Sweden, as required for the listing.
Trading in Aspire Global plc’s shares commenced on 11 July 2017.
The initial public offering attracted strong interest from both Swedish and International institutions as well as the general public in Sweden. As a result, the offering was significantly over subscribed. The offering is comprised of approximately 25% of the total number of issued shares in the company (or 29% if the over-allotment option is exercised in full). The value of the IPO is approximately SEK 329M (or SEK 378M if the over-allotment option is exercised in full).
Olga Finkel, Co-Managing Partner at WH Partners, who led the firm’s team in this project, said “This is good news for the gaming industry as it sends out a number of important messages: stability in the industry and markets, strong investors’ confidence in the growth of the industry and the industry’s sound economic fundamentals which are key drivers to investor demand”.
About Aspire Global
Aspire Global is a Business to Business (“B2B”) service provider for the online gaming market and offers its B2B partners a full-service solution for launch and operating online casinos. In addition to Aspire Global’s B2B service offering, the Company operates several proprietary casino brands, based on the same operational setup and technical platform that is offered to partners.
About WH Partners:
WH Partners was formed in 2012 by Olga Finkel and James Scicluna, Co-managing Partners, and built on the successful practice run by Olga Finkel from 2006 called WH Law.
The firm has now established itself as a leading Malta-based business law firm best known for its strong understanding of the digital economy, including, gaming & gambling, financial services, IP, as well as for advising stake holders in the fields of education, leisure & hospitality, real estate, taxation and wealth management.
The firm’s corporate, M&A, tax, IP, employment and regulatory lawyers are very active advising businesses across a raft of these areas. The firm’s private client practice deals on an ongoing basis with high to very high net worth individuals and with family offices on matters ranging from succession planning and residence to yacht and aircraft registration.
The firm predominantly operates from its Maltese offices as well as having consulting rooms in London.
WH Partners is passionately committed to supporting CSR work and continue to work tirelessly with a number worthy causes.
The firm’s lawyers are among the strongest in Malta in their respective practice areas and are well regarded by regulators and clients for their thoroughness, efficiency and knowledge of their clients’ business, as well as their versatility.
For more information about the listing process, dematerialisation of shares and the financial markets regulatory framework in Malta, please contact Dr Olga Finkel on Olga.Finkel@whpartners.eu