Lexington plans a listing on Nasdaq First North. The aim is to raise capital for further expansion in the US and Germany.
Lexington has a presence in 20 markets through its own stores, franchise stores and 900 independent dealers. Revenue during 2013 was 239.5 million SEK and operating profit of 11.5 million SEK.
Board of Lexington has decided to apply for admission to trade the shares in Lexington on Nasdaq First North. The offer is addressed to the general public in Sweden and encompasses 250,000 existing shares and 250,000 new shares issued in Lexington which is approximately 5.4 percent of the total shares.
The generated capital is primarily intended to be used for further expansion in the US and Germany.
“After sixteen years of uninterrupted growth, we are now ready to further accelerate the pace. Our growth is a result of both geographic expansion as a continuous development of our product. Future growth will be in the new markets, new stores, expanded product lines and an even more advanced web shop, “says Kristina Lindhe, CEO and largest shareholder.