RVRC Holding AB (publ) (”RevolutionRace” or the “Company”), a profitable and rapidly growing company that offers high-quality outdoor apparel for an active lifestyle to a global and wide customer base through a digital D2C business model, today announces the outcome of the Offering of the Company’s shares in connection to the listing of its shares on Nasdaq Stockholm (the “Listing” or the “Offering”). The Offering attracted very strong interest from Swedish and international institutions and the general public in Sweden. The Offering was heavily oversubscribed.
RevolutionRace offers high-quality functional apparel for people with an active lifestyle. The Company was founded in 2013 by Pernilla Nyrensten, CEO, and Niclas Nyrensten, Creative Director. Since its inception, the founders have had the goal of creating multifunctional apparel with great fit, in the highest quality and at reasonable prices under the tag line ”Nature is our playground”. By selling apparel online, directly to consumers without unnecessary intermediaries, RevolutionRace believes it can offer products that have an unmatched value in terms of price, quality, and design. Together with its customers, the Company has grown rapidly and is selling its products to approximately 35 countries.
RevolutionRace has shown a strong financial development of profitable organic growth, and increased net sales from MSEK 284.5 during the financial year ended 30 June 2019 to MSEK 731.9 during the twelve-month period ended 31 March 2021, equivalent to a CAGR of 71.6 percent. During the twelve-month period ended 31 March 2021, RevolutionRace’s adjusted EBIT amounted to MSEK 196.2, equivalent to an adjusted EBIT margin of 26.5 percent.
Carnegie acted as joint global co-ordinator and joint bookrunner in connection with the IPO