FORM FOR POSTAL VOTING AT ANNUAL GENERAL MEETING OF SAFELLO GROUP AB ON 4 MAY 2023 In order to exercise the voting right at the Annual. | March 31, 2023
Stockholm, 28 March 2022 | Shareholders of Safello Group AB , 556892-3550 , are hereby invited to the Annual General Meeting to be held on Wednesday 27 April 2022.
The Board of Directors of Safello. | March 28, 2022
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Swedish crypto brokerâs IPO oversubscribed by 1,200% Stockholm-based crypto brokerage Safello saw its IPO oversubscribed by nearly $60 million, or 1,240% from the planned $5 million. 7762 Total views News
Safello, a Stockholm-based cryptocurrency brokerage, is seeing massive demand from investors for its upcoming initial public offering on the Nasdaq First North Growth Market.
The company said Wednesday that its planned IPO was oversubscribed by 502 million Swedish krona ($59.3 million), up 1,240% from the planned 40.5 million krona ($4.8 million), Reuters reports.
Safello CEO Frank Schuil said that the company expects its listing on the Nasdaq First North Growth Market in Stockholm on May 12. The executive told Cointelegraph that the allocation rules were set in the prospectus, and Safelo followed those rules. âOur approach has been to create the widest distribution after pre-subscription in the spirit of decentralized ownership,â Schuil said.