Fra Re-Match:
Re-Match postpones its Initial Public Offering due to market uncertainty
Herning, Denmark 29 September 2021 – Re-Match, a pioneer within sustainable recycling of artificial turf, has decided to postpone its Initial Public Offering and admission to trading on Nasdaq First North Premier Growth Market in Copenhagen. As a result of the current extraordinary high volatility and uncertainties in the financial markets it has been concluded that the current unfavourable market environment does not provide a supportive foundation for Re-Match to initiate its journey as a publicly traded company.
Consequently, the contemplated offering of new shares will not be completed, and the Company will not be listed and admitted to trading on Nasdaq First North Premier Growth Market. All submitted orders will be automatically cancelled and all associated arrangements to the Offering will lapse.
Laurits Mathias Bach Sørensen, Chairperson of the board of directors of Re-Match, said:
“Despite strong support from cornerstone investors, it is our belief that the current market uncertainty does not support the Company’s and existing shareholders desire to achieve a successful IPO and orderly aftermarket. We are very pleased with the positive support we have received from institutional as well as retail investors during the past weeks, and would like to thank all investors for their interest in investing in Re-Match.”
Re-Match published a prospectus on 16 September 2021, and the offering period was planned to close on 29 September 2021.
