Nordic Semiconductor, a fabless semiconductor company specializing in wireless technology that powers the Internet of Things, has recently raised USD 125 million in a private placement, which attracted very strong interest from high-quality institutional investors globally. The private placement was multiple times oversubscribed. Morgan Stanley, ABG Sundal Collier and DNB Markets acted as joint bookrunners for the transaction.
The net proceeds from the private placement will be employed to support the Company’s continued growth trajectory, including working capital requirements and supply chain enhancements, ramp-up new Tier 1 customers, strengthen the balance sheet, continue investments to expand product portfolio for existing and future growth opportunities as well as to pursue potential bolt-on M&A opportunities.
CLP congratulates Nordic Semiconductor on the successful transaction!