Initial public offering of SmartCraft ASA (NO) on Oslo Stock Exchange – NOK 1,210 million

Carnegie acted as joint global co-ordinator and joint bookrunner in the initial public offering of SmartCraft on Oslo Stock Exchange. SmartCraft is the leading Nordic provider of mission-critical SaaS solutions to SME’s in the construction sector. The company’s business model is highly scalable, based on 94% recurring revenue and low churn. The construction sector is among the least digitalized industries and represents a NOK 10bn software market in the Nordics, growing at a double-digit rate. SmartCraft’s solutions help customers to increase their productivity, margins, and resource efficiency
June 2021.