Nordic Semiconductor has recently raised NOK 815 million in a private placement towards Norwegian and international high quality investors. ABG Sundal Collier and DNB Markets acted as joint bookrunners for the placement. The net proceeds from the private placement will overall be used to maintain financial flexibility and to fund growth in working capital while securing and maximising the Company’s growth potential in short range IoT as well as cellular IoT.
Nordic Semiconductor develops and sells integrated circuits and related solutions for short-range wireless communication. The company specializes in ultra-low power (ULP) components, based on its proprietary 2.4 GHz RF technology. More information on Nordic Semiconductor is available here.