IPO of Green Hydrogen Systems

Carnegie acted as joint global co-ordinator and joint bookrunner in the initial public offering of Green Hydrogen Systems on Nasdaq Copenhagen.

Link to company website.

Carnegie acted as joint global co-ordinator and joint bookrunner in the initial public offering of Green Hydrogen Systems on Nasdaq Copenhagen.

The Offering attracted very strong interest from large Danish and international institutional investors as well as the general public in Denmark. The Offering was substantially oversubscribed. ATP, Vækstfonden, BankInvest, Nordea Asset Management, Spar Nord and MK Ventures participated as Cornerstone Investors. Additionally, the Company’s three largest shareholders, Nordic Alpha Partners, A. P. Møller Holding and Norlys have supported the IPO with investments. The IPO was priced at DKK 40 per share, corresponding to a total market value of all issued shares of the Company of c. DKK 3,279 million after completion of the Offering.

Green Hydrogen Systems is a clean technology company and a leading provider of standardised and modular electrolysers for the production of green hydrogen solely based on renewable energy. With its wide range of possible applications, green hydrogen plays a key role in the ongoing fundamental shift in our energy systems towards a net-zero emission society in 2050. As a result, the demand for green hydrogen is surging, requiring a significant scale-up of electrolysis capacity. Founded in 2007 and building on more than 10 years of technology development, Green Hydrogen Systems today have a commercially proven and cost-competitive electrolysis technology endorsed by leading wind energy companies.

June 2021