Kempower’s Initial Public Offering 2021 – First North
The public offering was oversubscribed and the subscription period was discontinued on 9 December 2021. The subscription price was EUR 5.74 per share.
The initial public offering of Kempower was oversubscribed and the listing was completed as planned.
The subscription price for the offer shares in the initial public offering was EUR 5.74 per share, which corresponds in total to a market capitalisation of Kempower of approximately EUR 319 million immediately following the offering. The number of shareholders in Kempower increased to approximately 34,500 shareholders after the offering.
Trading of the shares in Kempower commenced on the Nasdaq First North Growth Market on 14 December 2021 under the share trading code KEMPOWR.
Before making an investment decision, please review the Offering Circular, prepared in connection with the initial public offering of Kempower, available on this website.
Kempower’s company presentation (in Finnish)
From the CEO:
Making the world cleaner and more sustainable together
R&D and innovation are in the Kempower DNA. Our mission is to enable clean mobility by utilizing Kemppi Oy’s 70 years of experience in demanding electric power supplies.
Kempower’s competitive edge is built on the Kemppi Group legacy, facilitating a unique basis for innovation and development. Our modular and scalable product portfolio as well as the technology carefully developed at Kempower enable cost-efficient production, fast scaling of our business, and high customer retention.
Kempower has multiple opportunities to scale up following the rapid market expansions in Europe and the U.S. Our position in the Nordics is already strong, and we are expanding within Europe both through direct sales and distribution partners. By the end of 2025, we also aim to establish our operations in the U.S. Strong growth and internationalization set urgency for the rapid development of our operations to enable us to continue to respond to growing demand.
Our production is cost and capex efficient. We use standard components broadly, and continuously optimize product design and component sourcing. Scaling up is made efficient by our straightforward assembly and standardized technology.
At Kempower, we commit to 100% carbon neutrality by 2030 and 100% recyclability in our own production by 2025. We already reach a 99% lifetime recyclability rate for EV chargers. The preventative maintenance of our charging solutions is executed through the Kempower ChargEye™ cloud service, utilizing artificial intelligence. Preventative maintenance can extend product lifetime and reduce maintenance logistics, minimizing costs and emissions.
Our goal is to develop emission-free business together with our customers. I warmly welcome you to join us on this growth journey.
Tomi Ristimäki
CEO
Interview with the CEO
Kempower’s CEO Tomi Ristimäki talks about Kempower, its business and future plans in an interview with Verneri Pulkkinen for InderesTV.
(In Finnish, with English subtitles)
Kempower in brief
Kempower is a Finnish electric vehicle (EV) fast charging equipment and solutions manufacturer and provider striving for rapid growth. We design, manufacture and sell direct current (DC) fast charging devices, solutions and services for EVs, such as personal and commercial vehicles, mobile off‑highway machinery and electric marine vessels and boats.
Due to the modular, scalable and flexible design of our products and their dynamic charging capabilities, we serve in particular customer groups that require or benefit from charging stations with multiple, high power charging devices.
Our charging solutions have been delivered to more than 30 countries globally, and our main geographic markets include the Nordics and the rest of Europe. Our products are designed and manufactured in Lahti, Finland, where our headquarters and two production facilities are located.
Kempower’s mission is to enable clean mobility by utilising Kemppi Oy’s 70 years of experience in demanding conditions of electric power supply.
Important dates
| 2 December 2021 at 10 a.m. | Subscription period of the offering commences |
| 9 December 2021 at 4 p.m. | Subscription period for the public offering may be, in the event of an oversubscription, discontinued earliest |
| 10 December 2021 at 4 p.m. | Subscription period for the institutional offering may be, in the event of an oversubscription, discontinued earliest |
| 10 December 2021 at 4 p.m. | Subscription period of the public offering ends (on or about) |
| 13 December 2021 at 10 a.m. | Subscription period of the institutional offering ends (on or about) |
| 13 December 2021 | Announcement of the final results of the offering (on or about) |
| 14 December 2021 | New shares are registered in the book-entry accounts in the public offering (on or about) |
| 14 December 2021 | Trading in the shares commences on the First North Growth Market (on or about) |
Place of subscription in the public offering
- The place of subscription in the public offering is Nordnet’s online service at www.nordnet.fi/fi/kempower.
- The subscription can be made through online service with the bank codes of Nordnet, Aktia, Danske Bank, Handelsbanken, Nordea, Oma Säästöpankki, Osuuspankki, POP Bank, S-Bank, Säästöpankki as well as Ålandsbanken.
- When separately agreed, the subscription commitment in the public offering can be made at Nordnet Bank AB, Finnish Branch’s office at Yliopistonkatu 5, FI-00100 Helsinki, Finland, on weekdays from 1.00 p.m. to 5.00 p.m.
- A subscription to an equity savings account can be made through Nordnet only to equity savings accounts provided by Nordnet.
- Submitting a commitment via Nordnet’s online service requires personal bank codes.
Materials
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Offering Circular
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Marketing brochure (in Finnish)
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Kempower Corporation Articles of Association
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Kempower Corporation Interim Financial Information 1 January – 30 September 2021
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Kempower Oy Financial Statements 2020
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Kempower Oy Financial Statements 2019
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Kempower Oy Financial Statements 2018
Releases
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20/12/2021 COMPANY RELEASE
Kempower Corporation’s 10 largest registered shareholders after the completion of the initial public offering -
17/12/2021 COMPANY RELEASE
Exercise of over-allotment option related to the initial public offering of Kempower Corporation and termination of the stabilisation period -
13/12/2021 COMPANY RELEASE
Kempower Corporation announces the final results of its initial public offering and the listing will be completed as planned -
10/12/2021 COMPANY RELEASE
The institutional offering of Kempower Corporation has been oversubscribed and the subscription period has been discontinued; trading on the First North Growth Market is expected to commence on 14 December 2021 -
9/12/2021 COMPANY RELEASE
The public offering of Kempower Corporation has been oversubscribed and the subscription period has been discontinued -
2/12/2021 COMPANY RELEASE
Kempower Corporation has applied for its shares to be listed on the First North Growth Market -
1/12/2021 PRESS RELEASE
The Finnish language prospectus of Kempower Corporation has been approved by the Finnish Financial Supervisory Authority -
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22/11/2021 PRESS RELEASE
Kempower is planning an initial public offering and listing on the Nasdaq First North Growth Market Finland