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Eversheds Sutherland advised TextMagic in an IPO

  • Estonia
  • General

15-12-2021

Today, on December 15, trading of the shares of the technology company TextMagic started on the alternative stock exchange First North. We had the great pleasure of being the certified advisors for TextMagic on First North market. Our assistance included establishment of TextMagic AS in Estonia, carrying out several analyses related to various legal and tax aspects of the affiliated entities in the light of the IPO, communicating IPO-related issues with the Estonian Financial Supervision and Resolution Authority, carrying out legal due diligence of TextMagic Limited, drafting the prospectus,  advising on structuring of the group’s assets through the relevant jurisdictions as well as assisting the client daily in other related matters. After the IPO, Eversheds Sutherland Ots & Co remains TextMagic’s advisor on compliance issues.

Maivi Ots, Dmitri Zdobnõh and Kadri Kasepalu attorneys of Eversheds Sutherland Estonia, advised on the listing of TextMagic. The team was assisted by our lawyers Ivo Tulvik and Markkus Päll, and several colleagues from Evesheds Sutherland's offices in England, Romania and Russia helped TextMagic go public.

This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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