Alvotech SA Completes Successful Private Placement, Welcomes New Institutional Investors

Reuters

06/12

<a href="https://laohu8.com/S/ALVO">Alvotech</a> SA Completes Successful Private Placement, Welcomes New Institutional Investors

Alvotech SA, a global biotech firm that focuses on the development and manufacturing of biosimilar medicines, has completed a private placement directed towards Swedish and international institutional investors. Approximately 40 institutional investors participated, with a significant portion of demand coming from Sweden, Norway, and the UK, as well as US-based funds. Over 80% of the allocated shares and Swedish Depositary Receipts (SDRs) went to new investors. The placement involved the transfer of 7.5 million treasury shares previously held by Alvotech's subsidiary. This initiative aims to diversify and strengthen Alvotech's shareholder base and increase the free float of SDRs on Nasdaq Stockholm. Róbert Wessman, chairman and CEO of Alvotech, expressed enthusiasm for the new shareholders joining the company's journey in the biosimilars industry.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alvotech SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001102201-en) on June 11, 2025, and is solely responsible for the information contained therein.

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alvotech SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001102201-en) on June 11, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2210149790.SGD","symbol_name":"Natixis Thematics Subscription Economy R/A SGD-H","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250611:nNDL38kr5P:1","article_id":"2542153763","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542153763","pubTimestamp":1749673205,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Alvotech SA, a global biotech firm that focuses on the development and manufacturing of biosimilar medicines, has completed a private placement directed towards Swedish and international institutional investors. 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Approximately 40 institutional investors participated, with a significant portion of demand coming from Sweden, Norway, and the UK, as well as US-based funds. Over 80% of the allocated shares and Swedish Depositary Receipts (SDRs) went to new investors. The placement involved the transfer of 7.5 million treasury shares previously held by Alvotech's subsidiary. This initiative aims to diversify and strengthen Alvotech's shareholder base and increase the free float of SDRs on Nasdaq Stockholm. Róbert Wessman, chairman and CEO of Alvotech, expressed enthusiasm for the new shareholders joining the company's journey in the biosimilars industry.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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