The Board of Directors of Zenterio AB (publ) has today decided to postpone the initial public offering that was earlier planned to take place during 2015. However, Zenterio will continue to prepare to be ready for a future initial public offering.
The appointment of Jörgen Nilsson as CEO in April in combination with the strong business inflow from strategic customers that is shifting the company’s business model to higher scalability, has caused initiatives to transform the organization to better deliver on the company’s fast growing opportunity. The board has determined that it is in the shareholders’ best interest to complete the organizational transition and produce demonstrable proof of scalability before introducing the company to the stock exchange and has subsequently decided to postpone the IPO until such a point, says Olli-Pekka Kallasvuo, Chairman of the Board.
