Trifork Holding DKK 1.23 billion IPO
Davis Polk advised Trifork Holding AG on the initial public offering of 940,233 new ordinary shares and 7,231,529 existing ordinary shares (including the overallotment option, which was exercised in full, in respect of an additional 1,065,882 shares) sold by Trifork existing shareholders. With an offer price set at DKK 150 per share, the gross proceeds to Trifork Holding amounted to approximately DKK 141 million (approximately $23 million) and the selling shareholders amounted to approximately DKK 1.08 billion (approximately $177 million).
Trifork is a next-gen IT and business service provider. Trifork was founded in Denmark and now has more than 800 employees across 27 offices. Trifork focuses on three distinct verticals (FinTech, Digital Health and Smart Building) and three horizontals (Smart Enterprise, Cyber Protection and Cloud Operation) across its core geographies which include Denmark, the Netherlands, the United Kingdom and Switzerland.
The Davis Polk corporate team included partner Jeffrey R. O’Brien, counsel Connie I. Milonakis and associate Alexander W. Simmonds. Alon Gurfinkel provided tax advice. Associate Sijia Cai provided 1940 Act advice. Members of the Davis Polk team are based in the London and New York offices.