Listing
Framery Group Plc’s offering was multiple times oversubscribed and the listing will be completed as planned
about framery
Framery’s initial public offering and listing
The Offering in Brief
The initial public offering consists of the offering of Framery’s new shares for subscription, and in addition Framery’s existing shareholders will offer for purchase Framery’s existing shares. Framery aims to raise gross proceeds of approximately EUR 20 million by offering new shares for subscription. The net proceeds received from the share issue are intended to be used to strengthen Framery’s financial flexibility and capital structure, including to refinance the current financing agreement together with existing cash reserves and the new term loan. In addition, Framery expects to use the net proceeds to support its growth strategy, particularly to develop its smart office solution, which is a key focus area of Framery’s strategy.
The company’s largest shareholders include Vaaka Partners Buyout Fund III Ky, Varma Mutual Pension Insurance Company, AlpInvest Partners B.V. (through its different funds), the company’s CEO Samu Hällfors, and Elo Mutual Pension Insurance Company.
Cornerstone Investors
The cornerstone investors have, each individually, committed to subscribe for offer shares at the final subscription price, subject to certain conditions being fulfilled, including a condition that the final subscription price does not exceed EUR 8.00 per offer share.
The cornerstone investors have made subscription commitments as follows:
- certain funds managed by WIP Asset Management Ltd EUR 20.0 million;
- certain funds managed by Handelsbanken Fonder AB EUR 15.0 million;
- funds managed by I&T Asset Management (Investering & Tryghed) EUR 15.0 million;
- certain funds managed by Sp-Fund Management Company Ltd EUR 15.0 million;
- certain funds managed by OP Fund Management Company Ltd EUR 12.5 million;
- Danske Invest Finnish Equity Fund EUR 10.0 million;
- certain funds managed by Evli Fund Management Company Ltd EUR 10.0 million; and
- certain funds managed by S-Bank Fund Management Ltd EUR 7.5 million.
Background and Reasons for the Offering
The objective of the offering is to promote the implementation of the company’s growth strategy, to strengthen the company’s capital structure, and to increase the company’s recognition among its stakeholders. The offering will enable the company to obtain access to capital markets, expand its ownership base, and increase the liquidity of the company’s shares.
Additional visibility is also expected to further increase the company’s recognition among the public, customers and suppliers and as an employer, and thus enhance the company’s competitiveness.
Subscription period for the public share sale 25 November – 28 November.
Subscription price per share offered was:
8.00 €
Please read the Offering Circular approved by the Finnish Financial Supervisory Authority available on this page before making your investment decision.
View the Company Event recording
Framery held a Company Event on November 27, 2025. Framery’s Chair of the Board of Directors, Mika Sutinen, CEO, Samu Hällfors, and CFO, Lauri Isotalo, spoke at the event. The event was held in Finnish. View the recording or download the company presentation here.
About us
The office of the future as an investment opportunity
CEO Samu Hällfors
From the CEO
Framery was born from our own need to find a better way to work and focus in the office. This same need has proven to be universal, and as a result, we have helped shape this rapidly growing global market. We are the market leader in our core markets, and in total, we have sold our products for over a billion euros. Delivered to more than a hundred countries, our products already affect the daily lives of millions of people, offering a pleasant place to focus, collaborate, communicate, and make important decisions. Furthermore, our new smart office solution takes the workday experience to the next level: it streamlines the usability of our customers’ entire offices and helps them make data-driven decisions, such as optimizing the number and placement of various sized meeting and workspaces. We believe that listing would support our growth strategy and accelerate Framery’s development further, so that even more people would have the opportunity to benefit from Framery’s technology as part of their everyday work. We also believe that the listing will strengthen our position as the undisputed pioneer in our industry and give us even better resources to continue innovating, grow our business, and create long-term value for our customers, employees, and you, our new owners.
Important dates
| 25 November 2025 at 10:00 a.m. (Finnish time) | The subscription period for the public share sale, the institutional share sale and the personnel offering commences |
| 27 November 2025 at 4:00 p.m. (Finnish time) | The public share sale, the institutional share sale and the personnel offering may be discontinued at the earliest |
| 28 November 2025 at 4:00 p.m. (Finnish time) | The subscription period for the public share sale and the personnel offering ends |
| 28 November 2025 at 4:00 p.m. (Finnish time) | The subscription period for the institutional share sale ends |
| 1 December 2025 (estimate) | Announcement of the final subscription price, the final subscription price of the personnel offering and the final results of the offering |
| 2 December 2025 (estimate) | The offer shares allocated in the public share sale and the personnel offering will be recorded in the book-entry accounts of investors |
| 2 December 2025 (estimate) | Trading in the shares on the prelist of Nasdaq Helsinki is expected to commence |
| 4 December 2025 (estimate) | The offer shares allocated in the institutional share sale are ready to be delivered against payment through Euroclear Finland |
| 4 December 2025 (estimate) | Trading in the shares on the official list of Nasdaq Helsinki is expected to commence |
Places of Subscription and Submission of Commitments
Submission of Commitments
A commitment is considered to have been made when the investor has submitted a signed commitment form to the place of subscription in accordance with instructions of the place of subscription or when the investor has confirmed the commitment with bank identifiers in accordance with the instructions of the place of subscription and paid for the subscription concerned by the commitment. A commitment submitted as a web subscription is deemed to have been made when the investor has made the commitment in accordance with the terms and conditions of the web subscription or has confirmed the commitment with his or her bank identifiers and paid for the share subscription price in accordance with the commitment. Any more detailed instructions issued by the place of subscription must be taken into consideration when submitting a commitment.
Commitments may only be cancelled under certain conditions, if the Finnish Offering Circular is supplemented in accordance with the Offering Circular regulation due to a material error or omission or due to material new information that has become known after the Finnish Financial Supervisory Authority has approved the Finnish Offering Circular, but before trading in the offer shares begins on the prelist of Nasdaq Helsinki.
Danske Bank
The places of subscription in the public share sale for Danske Bank book-entry account customers are:
- Danske Bank’s eBanking service with bank identifiers for private customers at www.danskebank.fi/framery;
- Danske Bank’s corporate eBanking service in the Markets Online module for District customers;
- Danske Bank’s Investment Advisory Center with Danske Bank’s bank identifiers by phone Monday to Friday from 9:00 a.m. to 4:00 p.m. (Finnish time), tel. +358 200 20109 (local network charge/mobile call charge). Calls to Danske Bank’s Investment Advisory Center are recorded;
- Danske Bank’s offices in Finland during their normal business hours; and
- Danske Bank’s Private Banking offices in Finland (for Danske Bank’s Private Banking customers only).
Making a commitment by phone using Danske Bank’s Investment Advisory Center or Danske Bank’s eBanking service requires a valid eBanking agreement with Danske Bank.
Commitments to equity savings accounts can be submitted through Danske Bank only to equity savings accounts provided by Danske Bank.
Commitments made by or on behalf of persons under the age of 18 or otherwise under guardianship must be made by their legal guardians and may require the approval of the local guardianship authority in Finland. A guardian cannot subscribe for the offered shares without the approval of the local guardianship authority, as the offered shares are not traded on a regulated market at the time the commitment is made.
Nordnet
The subscription place in the public share sale for Nordnet’s book-entry account or equity savings accounts customers and also other banks’ book-entry account customers is:
- Nordnet’s online service at www.nordnet.fi/framery. Submitting a commitment requires a valid bank identifier with Nordnet, Aktia, Danske Bank, Nordea, Oma Savings Bank, Osuuspankki, POP Bank, S-Bank, Savings Bank or Ålandsbanken. The commitment can also be made on behalf of an entity through Nordnet’s online service.
- In addition, when separately agreed, the subscription commitment in the public share sale can be made at Nordnet Bank AB, Finnish Branch’s office at Alvar Aallon katu 5 C, FI-00100 Helsinki, Finland. Estates of a deceased person or persons under guardianship, who are not Nordnet’s own customers, cannot submit a subscription commitment through Nordnet’s online service, but instead they have to submit the sommitment at the above-mentioned office of Nordnet.
Commitments by or on behalf of persons under the age of 18, or otherwise under guardianship, must be made by their legal guardians and may require the consent of the local guardianship authority in Finland. A guardian may not subscribe for offer shares without the permission of the local guardianship authority, as the offer shares are not subject to trading on a regulated market at the time of commitment.
1 January to 30 September 2025 Unaudited
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About Framery
Framery in Brief
Framery enables people to focus on what truly matters and to get things done. With its soundproof smart pods and smart office solution, Framery turns ordinary offices into places people love. This is why Framery is an essential part of a successful workday for millions of workers in over a hundred countries and within most of the world’s leading companies.
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