Eco Wave Power Global AB (publ)

Eco Wave Power Global AB (publ) (WAVE) priced its initial public offering on Jul 2, 2021 at $8.00 per ADS, raising $8M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $345.6M. A.G.P. was lead-left underwriter. Sullivan & Worcester advised the company and Haynes and Boone advised the underwriters.

Eco Wave Power Global AB (publ) is a wave energy company developing technology that converts ocean and sea waves into clean electricity. Its onshore or nearshore systems are complemented by a wave power verification software under development.

Status

IPO

Ticker

WAVE

Exchange

Nasdaq Capital Market

Priced

Jul 2, 2021

IPO price

$8.00 per ADS

Raised

$8M

Market cap at IPO price

$345.6M

First filed

May 27, 2021

Underwriters

A.G.P.

Company counsel

Sullivan & Worcester

Underwriters' counsel

Haynes and Boone

Sector

Energy, mining & utilities

Country / state

Sweden

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.