Milbank LLP advised the underwriters in connection with the initial public offering and Nasdaq Stockholm listing of Synsam, the leading optical retailer in the Nordic Region.
The offering, which closed on 2 November 2021, priced at SEK 50 per share, valuing the company at SEK 7.5 billion.
Founded in 1968, Synsam has evolved from being a group of individually run optical retail stores to a leading operator with a network of 490 stores in the Nordics, and around 908 opticians performing approximately 673,000 eye examinations per year. The Group operates through directly-owned and franchise stores as well as through e-commerce channels, and considers itself to have consistently been at the forefront of innovation in the Nordic optical retail market.
The Milbank team was led by Capital Markets partner David Dixter and associate Alexia Pimbli as well as London Tax partner Russell Jacobs and associate Pranav Subhedar, London Corporate partner Mark Stamp and associate Anna Bryant and New York Tax partner Eschi Rahimi-Laridjani and associate David Hanno.
