Olink Holding AB (OLK) Prices 17.65M ADS IPO at $20/ADS

March 25, 2021 5:57 AM EDT

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Olink Holding AB (publ) (NASDAQ: OLK) (“Olink” or the “Company”), today announced the pricing of its initial public offering of 17,647,058 common shares in the form of American Depositary Shares (“ADSs”), including 4,411,764 ADSs to be sold by the selling shareholders, at a price to the public of $20.00 per ADS, with each ADS representing one common share. The gross proceeds of the offering to the Company, before deducting underwriting discounts and commissions and other offering expenses payable by the Company, are expected to be approximately $264.7 million. The ADSs are expected to begin trading on The Nasdaq Global Market on March 25, 2021. The offering is expected to close on March 29, 2021, subject to the satisfaction of customary closing conditions. The Company will not receive any proceeds from any sales of ADSs in the offering by the selling shareholders. In addition, the underwriters have been granted a 30-day option to purchase up to 2,647,058 additional ADSs from Knilo InvestCo AB, a selling shareholder.

Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as lead book-running managers for the offering. SVB Leerink LLC is acting as a joint book-running manager for the offering. BTIG, LLC is acting as co-manager for the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 24, 2021.

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