Significant interest in Paradox’s offering to list on Nasdaq First North Premier

Paradox Interactive AB (publ) (“Paradox” or “The Company”), a leading global developer and publisher of strategy games, simulation games and RPGs primarily for the PC platform in North America and Europe, today announces the outcome of its offering to subscribe for shares in the listing of the Company’s share on Nasdaq First North Premier (“Offering”). The interest to subscribe for shares in the Company has been significant, both through the standard application process as well as for the “first-come first-serve” application procedure, and the Offering was over-subscribed several times.

  • The price in the Offering has been set at SEK 33 per share, corresponding a valuation of the Company of SEK 3 485 million.
  • The Offering comprises a total of 16,327,400 existing shares, all of which are offered by the Selling Shareholders in Paradox, corresponding to approximately 15 percent of the total shares in the Company and an Offering size of SEK 539 million. The Company will not receive any proceeds from the Selling Shareholders.
  • Fredrik Wester and Spiltan will continue to be long-term shareholders in Paradox with 33.3 % and 30.5 % of the shares in the Company respectively.
  • Trading in the Company’s shares on Nasdaq First North Premier commences on 31 May 2016, under the trading symbol PDX.

Advisors
Avanza Bank is acting as Lead Advisor and Bookrunner and Pepins as Placement Agent through its crowdfunding platform. Fogel & Partners is acting as strategic communications advisor to the Company and Setterwalls is acting as legal advisor to the Company and its selling shareholders.

For more information, please contact:
Fredrik Wester, CEO of Paradox Interactive

Andras Vajlok, CFO of Paradox Interactive
Email: ir@paradoxplaza.com
Telephone: 070-355 54 18

About Paradox
The Paradox Interactive group today includes publishing and internal development of PC-games and licensing White Wolf’s brands. The publishing operation publishes both internally developed titles as well as titles developed by independent studios as well as music and books. The game portfolio today includes of more than 75 titles and Paradox Interactive owns the most important of the brands, including Europa Universalis, Hearts of Iron, Crusader Kings, Cities: Skylines and Magicka. From the start over ten years ago, the company has published its games all over the world, initially through physical distribution using partners, but from 2006 digitally using its own publishing arm. The development platform is primarily PC, but during 2015 the company has released games on PS4 and mobile platforms as well. The largest markets today include the US, UK, Germany, France, Russia and Scandinavia. Today approximately one million gamers play a Paradox game each month and the number of Paradox users exceeds five million.

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