Mintra has announced our listing on the Oslo Stock Exchange. We have engaged Pareto Securities AS and SpareBank 1 Markets AS as joint global coordinators and joint bookrunners to advise on and effect a contemplated Private Placement on the Merkur Market. Our company will be listed on the stock exchange at a price of NOK 1.3 billion.
Since the beginning of lockdown Mintra has seen a surge in demand for virtual and online delivery of courses and training management support, making this the optimal time for the organisation to be listed.
We aim to be the leading provider of Human Capital Management services to customers with rotating workforces in compliance-driven industries. Our vision is to offer a single-source solution for companies to identify training needs, choose their preferred training format from a number of providers, then deploy their workforce to any job site in the world.
The funds raised from the stock market listing will be used to achieve these aims.
Scott Kerr said “the Pandemic has changed how companies look at training and our services are in growing demand. The current market is fragmented so by listing now, reducing debt and raising capital we can assist in consolidating the industry. We will be able to further invest and expand our offering to provide our customers with enhanced products, greater choice and a more efficient process to develop and deploy their employees.”