Stockholm-based Cleantech Invest portfolio company Enersize completed its first IPO and demonstrated success from day one. Trading volume was 3 317 501 shares traded and the share closed at 8.55 SEK (0.88 e), which was 24% up from the IPO price. Enersize market cap counting all shares at the end of the first trading day constituted 25.6M e, – great number for Cleantech owing 36,6% of the company.
“We are very happy having completed such a successful IPO. Enersize is an important part of our portfolio. We will continue to accelerate the company and help it achieve its massive growth opportunities ahead.” – commented Alenxader Lindgren, Cleantech Invest managing director.
Cleantech Invest is committed to invest in growth companies that solve global challenges in the field of energy, resource efficiency and decentralised renewable energy. Most of its portfolio companies are based in Sweden, Finland and Germany.
Enersize is a Finland-based company that offers energy saving services, with a focus on industrial compressed air systems. Enersize has developed a measurement and data collection system that allows the electricity consumption of industrial compressed air systems to be reduced by as much as 30%.
“Being a technology leader and the only one working with a combination of IoT and advanced data analysis for energy efficiency in industrial compressed air systems it is a true joy that we are now publicly listed.” – commented Christian Merheim, Enersize chairman of the board.