Puuilo Plc (“Puuilo” or the “Company”), one of the leading discount retail store chains in Finland, announced on June 23, 2021 the outcome of the initial public offering of its shares (the “IPO” or the ”Offering”) on Nasdaq Helsinki. Demand in the Offering was very strong from Finnish and international investors and the Offering was oversubscribed multiple times over. The number of shareholders in Puuilo increased to more than 33,300 shareholders after the Offering. Trading on Nasdaq Helsinki commenced on 24 June 2021.
Puuilo is a Finnish retail store chain established in 1982, known in particular for its wide product assortment, low prices, good store locations and convenient shopping experience. The company is focused on, in particular, do-it yourself, household and pet products. Puuilo has 33 stores in different parts of Finland and a rapidly growing online store, which is an important part of Puuilo’s omnichannel approach. Due to its successful store concept, Puuilo has become one of the leading players in the Finnish discount retail market, and it is one of the largest retailers in Finland focusing on consumer goods, measured by net sales.
Puuilo’s net sales for the financial year ended 31 January 2021 amounted to EUR 239 million and its average number of personnel, full-time equivalent at the end of period was 595.
Carnegie acted as Joint Global Coordinator and Joint Bookrunner in the IPO of Puuilo Plc