Initial public offering of Lemonsoft Oyj

on First North Finland

 

Danske Bank is acting as the Sole Global Coordinator in Lemonsoft Oyj’s (”Lemonsoft”) initial public offering and listing of shares on Nasdaq First North Growth Market Finland.

Below is an overview of key dates in connection with the initial public offering and listing of shares as well as links to prospectus, marketing brochure, web subscription and eBanking services (only for Danske Bank’s customers).

Key dates

  • Prospectus available 9 November 2021
  • Subscription period for the offering begins 9 November 2021
  • Offering may be discontinued no earlier than 15 November 2021
  • Subscription period for the public offering ends 16 November 2021 (estimate)
  • Subscription period for the institutional offering ends 18 November 2021 (estimate)
  • Final results of the offering announced 18 November 2021 (estimate)
  • New shares subscribed for in the public offering registered in the investors’ book-entry accounts on 19 November 2021 (estimate)
  • First day of trading on Nasdaq First North Growth Market Finland 19 November 2021 (estimate)

Lemonsoft in brief

Lemonsoft is a Finnish software company that that designs, develops and sells ERP software solutions to streamline its customers’ processes across different business lines and administration. The extensive offering of software solutions and related services enables the Company to provide its customers with holistic service. The Company’s standardised and scalable software solutions are delivered mainly from the cloud and are based on the SaaS model in which customers pay a monthly service fee for the use of the software. As of the date of this press release, the Company’s customer base consists of over 6,600 customer companies using the Company’s software solutions, including customers from especially industrial manufacturing, wholesale and retail, professional services automation, construction and accounting.

Due to the extensive software offering and modern technology, the Company has succeeded in maintaining strong growth while simultaneously increasing its profitability. The average annual growth rate (CAGR) of the Company’s net sales was 20 percent between the financial years ended 31 December 2018 and 31 December 2020. At the same time, the Company’s adjusted EBIT margin increased from 27.1 percent to 32.6 percent between the financial years ended 31 December 2018 and 31 December 2020. Lemonsoft’s net sales was 13.6 million euros, adjusted EBIT 4.4 million euros and EBIT 3.9 million euros in the financial year ended 31 December 2020. Lemonsoft’s pro forma net sales was 17.4 million euros and pro forma adjusted EBIT 5.6 million euros (32.3 percent of net sales) in the financial year ended 31 December 2020.


The Lemonsoft Group consists of the parent company Lemonsoft Oyj and its subsidiaries Lixani Oy, Metsys Oy, PlanMill Oy and WorkIn Oy. The Company’s average head count was 123 employees in the nine month period ended 30 September 2021. The Company has operations in nine cities: Vaasa, Helsinki, Joensuu, Jyväskylä, Kouvola, Oulu, Tampere, Turku and Vantaa. From these offices, the Company caters to its customers all over Finland.

General terms and conditions of web subscription and investor notification

Verkkomerkinnän yleiset ehdot

Investornotification


IPO material as well as 

Prospectus

 

Lemonsoft investor website

https://investors.lemonsoft.fi/listautuminen/

 

Offering discontinued on 15 November 2021 ar 8.00 a.m.