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Priveq-backed Mentice to IPO on Nasdaq First North
May 27, 2019

Swedish-based Mentice, a supplier of high-technology solutions for simulation in the medical sector, has announced its intention to list the company's shares on Nasdaq First North. The IPO pre-money values the firm at SEK 1.1bn. Mentice reported a turnover of SEK 157m and EBITDA of 20.8m SEK in 2018, corresponding to an EV/EBITDA multiple of 53.3x. Priveq will exit the divestment upon listing.

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