Mazars Assist in Successful IPO of Zutec
On 15 March 2018, Irish software firm Zutec Holdings successfully closed their funding round for their IPO of 50m Swedish krona (€5 million) on the Nasdaq First North stock exchange.
Zutec provide software solutions and expert services to assist the Construction, Engineering & Facilities Management Industries. Zutec headquarters are in Dublin, Ireland, with local presence in London, Hong Kong, Doha, Abu Dhabi and Melbourne.
Pictured at the IPO event in Stockholm from left to right: Bo Holmström, Partner, Mazars Sweden, Conor O’Brien, CFO, Zutec and Lorcan Colclough, Partner, Mazars Ireland.
Conor O’Brien – CFO – Zutec
“We believe the IPO on the Nasdaq First North stock exchange will enable the company to continue to grow at an accelerated rate and expand into further markets such as Scandinavia and North America. We would like to thank Mazars in Ireland and Sweden for the advice and support given during this process.”
Following the IPO the starting market value of the group will be €17.8m.
Lorcan Colclough, Partner, Mazars Ireland
“This is a great opportunity for the group as it will enhance its product and service offering to existing and new markets. Mazars are delighted to have assisted in Ireland and Sweden with the IPO which will no doubt bring new opportunities to Zutec.”