
Episode 44
eToro
Yoni Assia
Episode 44
eToro
Yoni Assia
In this episode, we sit down with Yoni Assia, the co-founder and CEO of eToro, one of the world's best-known retail trading and investing platforms. Founded in 2007 with his brother Ronen, eToro was built around the idea of social trading — letting everyday investors follow and copy the trades of people they trust — and has since grown into a network of around 40 million registered users trading some 12,000 assets across more than 70 countries. In May 2025, eToro listed on the Nasdaq in an upsized $620 million IPO that valued the company at more than $4 billion, making it one of the first fintechs to go public since 2021. With Yoni, we discuss why he always intended to take the company public, the judgment call to price and launch into a volatile backdrop, why he chose to list in the US, what 183 investor meetings taught him about the surprising similarities between institutional and retail investors, the allocation mechanics, and where he sees market innovation heading — from retail participation and IPO-price derivatives to tokenized equities and capital markets moving on-chain. Disclaimer: The discussion in this episode is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments or an offer for financial services or any other transaction. The information contained in the recording has no contractual value and is intended for informational purposes only. Amundsen Investment Management and the participants in this podcast may have holdings in the companies being discussed. Any views expressed are those of the guests only, and not of Amundsen Investment Management.

Episode 43
Waga Energy
Mathieu Lefebvre
Episode 43
Waga Energy
Mathieu Lefebvre
In this episode, we sit down with Mathieu Lefebvre, the co-founder and CEO of Waga Energy, a French clean energy company that listed on Euronext Paris in October 2021 in a €126 million IPO. Only six years after founding the company, Mathieu and his co-founders chose the public markets to fund Waga's international expansion. Mathieu and his team led the company through volatile markets, higher inflation, a difficult €55 million follow-on capital raise in 2024, and ultimately to a take-private by EQT, announced in June 2025. Waga Energy has developed a unique technology, the Wagabox, that converts landfill gas into renewable natural gas, turning a major source of greenhouse gas emissions into a usable energy source that is injected directly into the local gas grid. The business is capital intensive but with high visibility: Waga invests in, owns and operates its units under 15 to 20 year contracts with landfill operators and gas utilities. From a French startup, the company has grown into a global player with 55 projects today across seven countries in Europe, North America and Latin America. With Mathieu, we discuss why a young company chose to list so early, the realities of being a small cap in a turbulent equity market — including a forced exit from the MSCI small and mid cap index that triggered a sharp share price correction just before the 2024 capital raise, and ultimately the strategic decision to return to private ownership with EQT. Disclaimer: The discussion in this episode is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments or an offer for financial services or any other transaction. The information contained in the recording has no contractual value and is intended for informational purposes only. Amundsen Investment Management and the participants in this podcast may have holdings in the companies being discussed. Any views expressed are those of the guests only, and not of Amundsen Investment Management.

Episode 42
The Renk IPO - Defense from Private to Public
Susanne Wiegand and Christian Schulz
Episode 42
The Renk IPO - Defense from Private to Public
Susanne Wiegand and Christian Schulz
In this episode of IPO Stories, we speak with Susanne Wiegand and Christian Schulz, former CEO and CFO of RENK, one of Europe’s most important defense suppliers. RENK, a 150-year-old German industrial company specializing in high-performance transmissions for tanks and naval vessels, listed in Germany in February 2024 and is now valued at over €6 billion, with shares up more than 300% since the IPO. The listing came at a moment when Europe’s security environment — and investor perception of defense — was undergoing a profound shift. Susanne and Christian describe how geopolitics fundamentally reshaped RENK’s strategy, investor base, and capital structure. Defense was no longer a niche or cyclical business, but a long-term structural growth market. Independence mattered. Speed mattered. And access to public equity became essential to scale capacity, invest ahead of demand, and remain a neutral supplier to all major primes. The episode offers a rare inside view into how leadership teams must sometimes move faster — and think more clearly — than both advisers and markets. Beyond the transaction itself, this conversation is about judgment under pressure. How do you educate investors when sentiment lags reality? How do you build conviction in a misunderstood sector? And what does it really take — culturally, operationally, and personally — to lead a company into public markets when history is moving faster than capital markets? This is an episode about leadership, credibility, and why Europe’s defense industry is entering a fundamentally new chapter. Disclaimer: The discussion in this episode is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments or an offer for financial services or any other transaction. The information contained in the recording has no contractual value and is intended for informational purposes only. Amundsen Investment Management and the participants in this podcast may have holdings in the companies being discussed. Any views expressed are those of the guests only, and not of Amundsen Investment Management.

Episode 39
Abu Dhabi's ADNOC IPOs
Klaus Froehlich, ADNOC Group CIO and Jan-Martin Nufer, Borouge CFO
Episode 39
Abu Dhabi's ADNOC IPOs
Klaus Froehlich, ADNOC Group CIO and Jan-Martin Nufer, Borouge CFO
ADNOC, the Abu Dhabi National Oil Company, has been one of the most active IPO sponsors globally, with 6 IPOs of its subsidiaries and JVs, starting with ADNOC Distribution in 2017, followed by ADNOC Drilling and Fertiglobe in 2021, Borouge in 2022, and ADNOC Gas and Logistics in 2023. In today’s episode we are joined by Klaus Froehlich, the Chief Investment Officer of ADNOC Group, whose team has overseen these listings, all done on the Abu Dhabi stock exchange, ADX. We are also joined by Jan Martin Nufer, the CFO of Borouge, to share the story of this petrochemical company, and the announced merger of the company with Borealis to form a global petrochemicals leader, Borouge Group International. If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com Disclaimer: The discussion in this episode is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments or an offer for financial services or any other transaction. The information contained in the recording has no contractual value and is intended for informational purposes only. Amundsen Investment Management and the participants in this podcast may have holdings in the companies being discussed. Any views expressed are those of the guests only, and not of Amundsen Investment Management.

Episode 38
Exosens
Quynh-Boi Demey
Episode 38
Exosens
Quynh-Boi Demey
In this episode, we sit down with Quynh-Boi Demey, the CFO of Exosens, a French industrial tech company that listed on Euronext Paris in June 2024. Exosens specializes in advanced imaging and sensing solutions for demanding environments such as aerospace, defense, and scientific research. It is best known as the leading non-US manufacturer of light-enhancing tubes for night vision, but also develops a broad range of complementary technologies, including high-performance photodetectors, infrared sensors, and scientific imaging systems used in industrial inspection, medical diagnostics, and space exploration. With Quynh-Boi, we go through the timing and preparation of the IPO, the transition from being owned by a Private Equity firm to being listed, the importance of meeting, or beating, the IPO guidance, and the benefits of being publicly listed. If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com Disclaimer: The discussion in this episode is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments or an offer for financial services or any other transaction. The information contained in the recording has no contractual value and is intended for informational purposes only. Amundsen Investment Management and the participants in this podcast may have holdings in the companies being discussed. Any views expressed are those of the guests only, and not of Amundsen Investment Management.

Episode 32
The Raspberry Pi IPO
Eben Upton (CEO) and Aditi Venkatram (Jefferies)
Episode 32
The Raspberry Pi IPO
Eben Upton (CEO) and Aditi Venkatram (Jefferies)
In this episode we sit down with Eben Upton, CEO and Founder of Raspberry Pi - a UK-based technology company known for its single-board computers, initially founded to promote programming education and growing into a global leader in embedded computing. We are joined by Aditi Venkatram, Managing Director at Jefferies, one of the bankers advising on the IPO of Raspberry Pi on the London Stock Exchange in June 2024. We deep dive into the key strategic and operational considerations for a successful Tech IPO outside of the US boundary, discuss the rationale for the Raspberry Pi listing, how to balance demand from both institutional and retail investors, and building long-term success post-IPO. Disclaimer: The discussion in this episode is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments or an offer for financial services or any other transaction. The information contained in the recording has no contractual value and is intended for informational purposes only. Amundsen Investment Management and the participants in this podcast may have holdings in the companies being discussed. Any views expressed are those of the guests only, and not of Amundsen Investment Management.

Episode 31
Strategic Investor Relations at AD Ports
Marc Hammoud
Episode 31
Strategic Investor Relations at AD Ports
Marc Hammoud
In this episode, we sit down with Marc Hammoud, VP of Investor Relations at ADPorts Group, to discuss the pivotal role investor relations plays in the success of publicly listed companies. With over 15 years in MENA capital markets, Marc shares his expertise on how IR functions as a bridge between a company and the financial community, ensuring transparency, effective communication, and optimal shareholder engagement. He highlights the key functions of IR, from managing investor expectations to shaping company strategy, and explains why IR should be a core component of a company’s journey—ideally even before an IPO. The discussion also covers liquidity challenges and solutions for newly listed companies. Marc explains why stock liquidity is essential for valuation and how companies can proactively enhance it by broadening shareholder diversity, engaging with the right investors, and ensuring market visibility. He shares insights into how capital markets work, how companies can leverage IR to drive long-term shareholder value, and the importance of investor education in preparing for capital-raising events or shareholder divestments. Disclaimer: This discussion is for informational purposes only and does not constitute financial advice, investment recommendations, or solicitation to buy or sell financial instruments. The views expressed are those of the participants and do not necessarily reflect those of Amundsen Investment Management. Neither Amundsen Investment Management nor the podcast guests take responsibility for investment decisions made based on this discussion. The participants in this podcast and Amundsen IM may hold positions in the companies mentioned.

Episode 30
Norconsult
Dag Fladby
Episode 30
Norconsult
Dag Fladby
In this episode we tell the story of the IPO of Norconsult with CFO Dag Fladby. Norconsult is a Norwegian engineering architecture & urban planning consultancy company, owned exclusively by its employees before the IPO, and which to become the best performing European IPO of 2023 two years down the line (+140%). With Dag, we trace back the journey from the IPO decision, involving all the employees in the process, to managing the company post listing. Disclaimer: The discussion in this episode is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments or an offer for financial services or any other transaction. The information contained in the recording has no contractual value and is intended for informational purposes only. Amundsen Investment Management and the participants in this podcast may have holdings in the companies being discussed. Any views expressed are those of the guests only, and not of Amundsen Investment Management.

Episode 29
The Syensqo spin-off from Solvay
Ilham Kadri
Episode 29
The Syensqo spin-off from Solvay
Ilham Kadri
Our guest in this episode is Dr. Ilham Kadri, the CEO of Syensqo, a global speciality chemicals company listed in Brussels. In 2023, Ilham led the spin-off of Syensqo from Solvay, the 160-year old Belgian chemicals conglomerate. In this interview, Ilham discusses the strategic rationale behind the decision to split Solvay into two separate entities, highlighting the aim to unlock the full potential of both companies. She explains how Solvay, a historic leader in commodity chemicals, and Syensqo, a new entity focused on specialty chemicals, were positioned to pursue their unique growth strategies. The conversation delves into the meticulous planning and execution required for the separation, emphasizing the importance of stakeholder engagement and maintaining operational continuity during a volatile global environment. She highlights Syensqo's focus on innovation and sustainability, detailing its ambitious goals for carbon neutrality and its role in advancing technological solutions. The episode also touches on the broader implications of the spin-off, including the strategic benefits of being a publicly listed company and the impact on stakeholders, from employees to investors. Dr. Kadri's leadership and vision provide a comprehensive view of the complexities involved in creating two independent champions from a long-standing conglomerate. Disclaimer: The discussion in this episode is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments or an offer for financial services or any other transaction. The information contained in the recording has no contractual value and is intended for informational purposes only. Amundsen Investment Management and the participants in this podcast may have holdings in the companies being discussed. Any views expressed are those of the guests only, and not of Amundsen Investment Management.

Episode 27
Norva24
Henrik Damgaard
Episode 27
Norva24
Henrik Damgaard
Norva24 is a leader in underground infrastructure maintenance services in Northern Europe – that is the maintenance of all the infrastructure related to sewage and waste water. It is a Norwegian company, that has grown through the acquisition of smaller players over the years. In 2021, Henrik Damgaard, the company's CEO at the time, led Norva24 to an IPO in Stockholm, joining a number of other so-called ‘M&A compounders’ listed there – but all in different industries. With Henrik, we discuss all the specificities of the Norva24 IPO, such as his experience of managing an IPO in a new industry to investors, listing a Norwegian company in Sweden, with a Danish CEO, and the specificities of listing an M&A compounder. Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purpose only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.

Episode 26
Taaleem
Alan Williamson
Episode 26
Taaleem
Alan Williamson
In this episode, we explore the journey of Taaleem, a leading operator of international private schools in the UAE, and its path to becoming one of the few listed education providers globally. Alan Williamson, the CEO of Taaleem, shares his experience taking Taaleem public in Dubai in November 2022. With Alan, we delve into the role of private education in the UAE, the unique challenges and opportunities of listing in a sector with few listed peers globally, and the positive impacts of raising capital for Taaleem's growth. We also discuss Alan's outlook for the education sector in the UAE and the broader GCC region. Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purpose only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.

Episode 25
Aker BioMarine
Matts Johansen
Episode 25
Aker BioMarine
Matts Johansen
Matts Johansen is the CEO of Aker BioMarine, the global leader in krill fishing and production of krill-based products, such as omega 3 supplements and aquaculture feed. Aker BioMarine was founded as part of the Aker conglomerate, and Matts has been the CEO since 2015. In July 2020, they listed the company on Euronext Growth Oslo, in the middle of covid. They then up-listed it to the main exchange in 2021. With Matts, we discuss his experience of listing an innovative company with few listed peers in Europe, a very rapid IPO process during covid, and how to maintain a long-term focus even after listing. On the way, we will learn a lot of details about krill, a very interesting nutrient source at the bottom of the food pyramid. Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purpose only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.

Episode 24
Gas shipping at Flex LNG and Avance Gas
Øystein Kalleklev
Episode 24
Gas shipping at Flex LNG and Avance Gas
Øystein Kalleklev
Øystein Kalleklev is the CEO of not one, but 2 listed companies: Flex LNG and Avance Gas, two leading shipping companies in Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG), both listed on Euronext Oslo. Øystein shares his experience steering these companies through volatile market conditions and his rationale behind dual listing Flex LNG in the US in 2019. With Øystein, we discuss what being listed means for these companies, the technological evolutions in shipping, the challenges and opportunities of the energy transition, addressing methane emissions, and the broader implications for the shipping industry. Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purpose only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.

Episode 23
Saudi Arabia's Tadawul IPO(s)
Nayef Al-Athel
Episode 23
Saudi Arabia's Tadawul IPO(s)
Nayef Al-Athel
Saudi Arabia has evolved from having 4 IPOs per year 10 years ago, to 40 IPOs per year over the last few years. Nayef Al Athel has been in the middle of this evolution, as he headed the listings activity at the Saudi Exchange between 2018 and 2023. With Nayef, we discuss the policy decisions and incentives that have made Saudi Arabia one of the most active IPO markets globally, how going public has affected the strategy of the Tadawul group, the internationalization of the exchange, and the road ahead for the Saudi capital markets. If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purpose only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.

Episode 22
The IPOs of iZettle and Readly
Maria Hedengren
Episode 22
The IPOs of iZettle and Readly
Maria Hedengren
Not all IPO processes end up with an IPO. The path is filled with twists and turns, in some cases cancellations, postponements, or even a strategic sale before reaching the stock market. In this episode, we sit down with Maria Hedengren, who led the IPO processes of both iZettle (bought out by Paypal in the final stages) and Readly (listed in Stockholm in 2020). Through Maria's lens, we explore the critical moments, strategic decisions, and leadership challenges encountered when steering a company towards an IPO. From the decision of listing location to the intricacies of board composition and investor relations, Maria sheds light on the essentials of IPO readiness, the importance of strategic exits, and the impact of these decisions on a company's trajectory If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purpose only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.

Episode 20
The US IPO of Criteo
Edouard Lassalle
Episode 20
The US IPO of Criteo
Edouard Lassalle
Criteo, a French adtech company, listed on Nasdaq in 2013. Edouard Lassalle joined in 2012 to prepare the company for the IPO, and later served as head of Investor Relations for the company until 2022. One of the topics that comes up at an early stage during IPO preparation is the choice of listing location. In earlier episodes, we have heard from tech executives at Wise, DeliveryHero, OVHCloud and Exclusive Networks why they decided to list in Europe. Today, we look back at the 2013 US IPO of Criteo. Criteo was founded in 2005 and backed by leading VC investors such as Elaia, Index Ventures and Bessemer, with a global customer base. In 2013, the company was listed on Nasdaq, raising $280mn to fund its growth. Edouard Lassalle joined the company in 2012 to prepare the company for the IPO, and later served as head of Investor Relations for the company until 2022. Edouard shares with us his list of pros and cons of a US vs European listing for a European tech company, as well as considerations around the different characteristics of US and European markets, and the impact is has on the company. If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purpose only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.

Episode 17
The direct listing of Wise
Matt Briers
Episode 17
The direct listing of Wise
Matt Briers
Matt Briers has been the CFO of Wise since 2015. In 2021, Matt led the company to a direct listing on the London Stock Exchange, the first major direct listing in Europe. Wise, founded in the UK in 2011 by Kristo Käärmann and Taavet Hinrikus, has revolutionized cross-border payments for individuals and businesses by making them easier, faster and cheaper. After 10 years as a private company, Wise followed in the footsteps of Spotify and Slack by doing a direct listing instead of a regular IPO, at a valuation of 11 billion dollars. With Matt, we discuss the rationale and timing to go public for a profitable tech company which doesn’t need to raise money, his experience of the direct listing process, and the considerations around a UK listing rather than US. If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purpose only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.

Episode 14
European IPOs on Euronext
Stephane Boujnah
Episode 14
European IPOs on Euronext
Stephane Boujnah
Stéphane Boujnah is the CEO of Euronext, the largest European stock exchange, managing the bourses of Amsterdam, Brussels, Dublin, Lisbon, Oslo, Paris and Milan. Stephane has been the CEO for the last 8 years, leading an M&A drive that saw the company acquiring and integrating the Irish stock exchange in 2018, Oslo stock exchange in 2019 and Borsa Italiana in 2021. With Stéphane, we go back to the origins of stock markets to discuss why they are the natural home for ambitious growth companies, the reforms needed to spur more equity investment in Europe, and the importance of trust when you are building a track record as a listed company CEO. If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purpose only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.

Episode 12
Industrie De Nora
Paolo Dellachà
Episode 12
Industrie De Nora
Paolo Dellachà
Paolo Dellachà is the CEO of Industrie De Nora, an Italian industrial company with global presence. It is the world’s leading supplier of electrodes for all major electrochemical processes – and have recently seen tremendous growth in applications for green hydrogen production. After almost 100 years as a private family-owned company, De Nora listed in June 2022, in a €500mn transaction. With the market volatility in 2022, it was one of only a handful of companies to list globally that year. Paolo has also been through another IPO in 2023, as Deputy Chairman of Nucera, the electrolyzer JV between Thyssenkrupp and De Nora. With Paolo, we discuss the changes De Nora has been going through as its energy transition business has expanded, the IPO rationale in 2022, his experience from interactions with public markets investors, and the challenges to scale up the energy transition. If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purpose only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.

Episode 11
Financing the energy transition at EDPR
Miguel Stilwell d’Andrade
Episode 11
Financing the energy transition at EDPR
Miguel Stilwell d’Andrade
EDP is a Portuguese utility with a global footprint. In 2008, EDP listed its subsidiary EDP Renewables, one of the world's leading renewable energy developers and operators. EDPR is the world's 4th largest wind energy producersm with 15 GW of installed capacity, and a very ambitious growth plan. With Miguel Stilwell d'Andrade, CEO of both EDP and EDP Renewables, we discuss the IPO process and timing of EDPR back in 2008, the revolution happening in the energy sector, how to build long-term relationships with investors, and the importance of equity markets to provide capital for renewable companies. If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purpose only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.

Episode 10
DeliveryHero
Emmanuel Thomassin
Episode 10
DeliveryHero
Emmanuel Thomassin
Emmanuel Thomassin is the CFO of Delivery Hero, one of the world's leading online food delivery platforms. He has been the CFO since 2014 and led the company through its successful €1bn IPO on the Frankfurt stock exchange in 2017. Since then, Delivery Hero have continued leading the charge in food delivery globally, using the listing as a catalyst to fund important acquisitions and continue growing the organization. With Emmanuel, we discuss important elements surrounding the IPO process from the company perspective: preparation and benefits of preparation for an IPO, the rationale for going public, considerations around listing location, and post-listing dangers and pitfalls. Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a sollicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purposes only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.

Episode 8
Private Equity IPOs at EQT
Magnus Tornling
Episode 8
Private Equity IPOs at EQT
Magnus Tornling
EQT, based in Sweden, is one of the world’s largest private equity firms, and an active IPO sponsor, particularly in Europe - where they have listed companies such as Autostore, Suse, Azelis over the last few years - as well as their own management company in 2019. Magnus Tornling is Global Head of Equity Capital Markets at EQT, and has been responsible for all their IPO processes. With Magnus, we discuss the timeline and considerations EQT applies when considering an IPO, management incentives and retention after the IPO and the importance of preparing a company’s sustainability strategy early ahead of the IPO. Magnus also shares his views on European listings versus US, and how to make an IPO a success for all parties involved. If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a sollicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purposes only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.

Episode 3
Family-owned company IPOs
Annika Sigfrid
Episode 3
Family-owned company IPOs
Annika Sigfrid
Annika Sigfrid has been at the center of more IPOs than most of us will ever be. She has 25 years' experience in Equity Capital Markets transactions. In her last role she was Global Head of ECM at Nordea, a leading Nordic investment bank. She is now an independent adviser and board member, working with companies on their governance and preparation of their IPOs. With Annika we go deeper into the topic of IPOs of family-owned companies, which take a significant step as they decide to become listed, with the greater exposure that this entails. We also discuss the transparency and govnernance requirements of being a listed company. If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a sollicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purposes only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.

Episode 2
OVHCloud
Yann Leca
Episode 2
OVHCloud
Yann Leca
Yann Leca was the CFO of OVHCloud, a cloud computing company, from 2019 to 2022 and led the company to its IPO in October 2021 - one of the largest and most succesful tech IPOs in Europe in 2021. OVHCloud, founded by Octava Klaba more than 20 years ago, is both founder-led and with two strong private equity backers, KKR and Towerbrook. Yann shares his experience defining the strategy of the company and preparing the company for a successful listing - as well as the early life of a newly listed company. If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a sollicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purposes only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.

Episode 1
Exclusive Networks
Jesper Trolle
Episode 1
Exclusive Networks
Jesper Trolle
In this episode, we discuss the IPO of Exclusive Networks, a global distributor of cybersecurity solutions, with Jesper Trolle, its CEO since September 2020. Jesper was hired to join Exclusive in the middle of covid-19, and led the company to its successful IPO on Euronext Paris a year after joining.Exclusive Networks was owned by Permira’s private equity fund before the IPO, and we discuss the process of listing a tech company backed by a PE sponsor, the choice of listing location, the impact of being listed on your relationships with your teams, and the interaction with public market investors. If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a sollicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purposes only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.