- Xplora Technologies AS, a leading company for wearable products and services for kids smartwatches, was today listed at Euronext Growth Oslo (Merkur Market)
- Xplora has recently raised NOK 100m in new equity from high quality professional and institutional investors
- Xplora will strengthen its position in a rapid growing category expected to grow by more than 100 million units over the next two years
Oslo, November 18, 2020. As a listed company Xplora will accelerate its growth in multiple markets, further strengthening a leading market position. Xplora’s award winning product portfolio and leading platforms are already connected to some of the world’s most recognized brands and partners.
«The listing of Xplora on Euronext Growth is a very important milestone for the company, and we are very proud of the overwhelming positive interest in the market and the high-quality investors we were able to attract», says Sten Kirkbak, CEO and co-founder of Xplora Technologies.
Xplora is working with some of the world´s largest brands to integrate the Xplora platform as part of their ESG strategy.
«In addition to increasing sales of the Xplora smartwatches for kids, we will accelerate growth of content and our unique activity platform. We already experience strong success allowing kids to convert their daily steps into personal awards and donations to important causes such as environmental charities», says Kirkbak.
The company recently raised NOK 100 million in new equity. The capital raise attracted tier one investors and demand that significantly exceeded the offering of shares.
«With the newly secured capital, Xplora has a solid foundation to execute on its strategy of delivering 1.5 million devices over the next two years in addition to licensing our platforms to other vendors and onboard multiple third-party products to the Xplora platform», says Mikael Clement, CFO of Xplora.
The issue price was NOK 377 per share (NOK 15.08 post split) for a pre-market valuation of NOK 381m.
About Xplora Technologies AS
Xplora was founded with the mission of giving children a safe onboarding to digital life and encouraging a better balance between screen time and physical activity. Xplora’s broad portfolio of connected products and services allows people to connect their loved ones, and children to experience how their everyday activities can make a positive change in the world.
Xplora’s critically-acclaimed products are trusted by more than a quarter of million kids worldwide, while the Goplay Services are available for more than 10 million kids via third parties.
Xplora has offices in Norway, UK, Germany, and Spain, and is expanding into new markets in the US and Europe. Xplora has several major innovations in the child smartwatch category, including the launch of the world’s first eSIM product for children in August 2020 and its patent-pending activity platform and logic converting steps to awards.
About Euronext Growth
Euronext Growth is one of the marketplaces at Oslo Børs (The Oslo Stock Exchange). Euronext Growth was formerly known as Merkur Markets. The marketplace is suited for high-growth small- and mid-sized companies (SMEs). Euronext Growth is open to both professional and individual investors. Although a controlled market, it is not regulated as defined by EU directives and thus offers an alternative route for organizations that are at earlier stages of development.