Bemobi IPO successfully completed
Otello ASA (Oslo) announces that Bemobi Mobile Tech S.A. ("Bemobi Brasil"), the parent company of Otello's activities in Brazil and internationally, has set a price of R$22.00 per common share for its Initial Public Offering (IPO), determined after completion of the bookbuilding process. Based on this price, the gross proceeds of the primary component of the IPO, will reach R$ 1,094,117,684 ($203,943,536), resulting in an equity value, post-money, of Bemobi Brasil at IPO of R$2,000,000,024 ($372.800.004). The Brazilian Final Prospectus related to the IPO will be filed today with the