Sun4Energy’s IPO subscribed to 322 per cent by 2,000 investors

22 November 2021

Sun4Energy sells and installs solar cell systems and electric car chargers to individuals, tenant-owners’ associations, companies, and municipalities. The company handles all stages internally through purchasing of components, design, sales, installation, assembly, and commissioning.

Sun4Energy is facing an expansive growth phase with the ambition of completing two to three acquisitions annually until 2025. The company also intends to invest in strengthening the sales and future wholesale division as well as a digital platform to facilitate a better experience for the company’s customers.

The IPO was subscribed to 322 per cent by approximately 2,000 investors. Raised capital, in total SEK 14.0 million, will primarily be used for acquisitions and other growth initiatives.

Augment acts as the company’s financial adviser in the IPO and acts as the company’s Mentor.

Read the full press release here (in Swedish).