Pandox AB (publ) (OM:PNDX B) announced a private placement of 10,000,000 series B shares at a price of SEK 148 per share for gross proceeds of SEK 1480,000,000 on December 14, 2017. The subscription price has been determined through accelerated book-building procedure. The transaction included participation from Swedish and international institutional investors, including existing investors, Eiendomsspar Sverige AB, Christian Sundt AB, AMF Pensionsförsäkring AB, and Swedbank Robur Fonder AB.

Upon completion of the transaction; the company's total shares increased to 167,499,999 shares comprising of 75,000,000 class A shares and 92,499,999 class B shares.