This page is available in multiple languages
Select Language

Meltwater admitted to trading on Euronext Growth

Back

Oslo, 3 December 2020 – Oslo Børs today congratulates Meltwater, a leading global provider of media intelligence and social analytics Software-as-a-Service solutions, which has today been admitted to trading on Euronext Growth Oslo (ticker code: MWTR).

“We founded the company because the world is drowning in data and we saw a need for a software that could cut through the noise online and help people stay on top of their competitors, customers, and industry in real-time. Twenty years in, we realise that this need is much bigger than we ever dreamt about,” said Jørn Lyseggen, founder and Executive Chairman of Meltwater.  

He started the company in shack number 15 on Tjuvholmen, Oslo in 2001. Today, as the world's first online media monitoring company, Meltwater’s algorithms analyse 500 million documents and perform more than 12 trillion searches every day. Meltwater utilises its patented artificial intelligence (AI) system to turn unstructured news and social data into unique insights for approximately 28,000 customers, globally.  

The company offers a fully integrated offering that cuts across and bridges a variety of use cases such as public relations, communications, marketing, lead generation and customer relations. 

“Meltwater’s Norwegian heritage is central to our identity as a company, and so it’s only fitting that we are listing on Euronext Growth in Norway. On this day, I want to thank the talented teams in each of our 50 offices around the world and our clients, who trust us to be their partners in delivering the insights they need to make better, more informed decisions. Special thanks go to our investors for joining us on this journey and seeing the promise of Meltwater, our people and our technology,” said John Box, CEO of Meltwater: “I’m incredibly excited about the next chapter and listing on Euronext Growth gives us the opportunity to strengthen our position as a global leader and reach the next level in this rapidly growing industry.” 

The total IPO transaction raised gross proceeds amounting to NOK 3,480 million (~ EUR 328 million)1. The admission and issue price of Meltwater shares was set at NOK 43.50 per share. Market capitalisation was NOK 12,644 million (~ EUR 1,193 million)2 on the day of listing. 

“The offering, which attracted strong interest from Norwegian, Nordic and international high-quality institutional investors, was substantially oversubscribed,” Meltwater announced

“I am honoured to welcome Meltwater to Oslo Børs and Euronext Growth. At Oslo Børs, we are proud to attract an international tech company such as Meltwater and we take this as a reflection of our position. With today's listing, more than 10 per cent of the total market capitalisation at Oslo Børs is within Technology, Media, and Telecoms – the highest level ever,” said Øivind Amundsen, President and CEO of Oslo Børs.

Meltwater - listing on Euronext Growth

Øivind Amundsen, President and CEO of Oslo Børs, rang the bell to celebrate the Initial Public Offering of Meltwater. Meltwater employees participated on video.

Video of the bell ceremony: https://youtu.be/P2xFWkm0vsk

About Meltwater Meltwater provides social and media intelligence. By examining millions of posts each day from social media platforms, blogs and news sites, Meltwater helps companies make better, more informed decisions based on insight from the outside.  

The company was founded in Oslo, Norway, in 2001 and is headquartered in San Francisco, California, with 50 offices across six continents. The company has 1,700 employees and 28,000 corporate customers, including industry leaders in several sectors. 

Press Release Footer

About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.6 trillion in market capitalisation as of end December 2023, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2024, Euronext N.V. - All rights reserved.