Join Teams meetings from Zoom Rooms. Zoom & Pexip partnership



Video conferencing used to complete the process and listing


Oslo, Norway, 14th May 2020


Pexip, a video communications provider, was today listed on the Oslo Stock Exchange trading under the symbol PEXIP. 

Around the world, countries are in lockdown to prevent the spread of the Covid-19 virus, creating a surge in remote work and unprecedented demand for video conferencing. Organizations are relying on Pexip’s video platform to enable business continuity and provide remote patient care like never before. At the same time, with turbulent economic markets and travel restrictions that introduce logistical hurdles to conducting a deal, many companies have deterred launching IPOs at this time. Pexip overcame this barrier by using its own video conferencing platform to conduct 99 percent of the IPO process -- investor roadshows, meetings, and book building -- by video. 


Pexip raised 100 MUSD, and the offering was oversubscribed early, showing that video communication is top of mind for many investors right now. The Company attracted investors from across Europe and the United States. 


“IPOs usually involve analysts, investment bankers, and company executives traveling around the world for presentations, creating a hectic and intense schedule. Conducting this IPO process on video significantly increased the productivity and the reach of the team.  Meetings were conducted with investors in over 15 cities worldwide and working on video allowed for last minute changes and flexibility in a packed agenda. The fact that 100% of the virtual 1-1 meetings on the roadshow led to subscriptions to the IPO also demonstrates that  virtual meetings can be just as impactful, even when they involve complex negotiations," said Odd Sverre Østlie, CEO of Pexip.  "Furthermore, our calculations show that we saved over 1700 hours -- more than 70 days -- of travel time alone, and over 80 tons of CO2 -- roughly the amount that ten Norwegians use in an entire year. In conclusion, conducting the process on video saved time and emissions and made the process much more efficient," said Østlie.


“I would like to thank the outstanding Pexip team, our channel and strategic partners, and our customers for supporting us in the first part of our journey. The decision to pursue a listing is a part of our long-term growth strategy and will fuel investment in our product portfolio, our Pexip team, and brand awareness efforts. We’re excited to accelerate into the second part of the journey,” Østlie added.


“We conducted the first early-look meetings in January and February in-person, but quickly switched to virtual meetings as travel restrictions and lockdowns were implemented. Covid-19 has brought about dramatic change for society as a whole and the ways organizations conduct business, and while we initially experienced some pushback, the investors and investment bankers quickly adapted. We have shown that conducting a virtual IPO process is possible, and believe it makes sense for the finance industry and for IPOs in general. This is the first time we have held a virtual roadshow, but we would recommend it for the future, even without lockdown," said Peter Straume, Managing Partner and Chief Executive of ABG Sundal Collier Norway, one of the joint global coordinators acting on behalf of Pexip, along with Carnegie and Pareto Securities.


When the opening bell rang today, the entire company took part via video. The CEO of the Oslo Stock Exchange, Øivind Amundsen, rang the bell at the exchange and handed it over “virtually” to Pexip CEO, Odd Sverre Østlie, who then rang it from his office with the entire company and Board joining him in ringing their own bells on video. 


“For us, doing this entirely on video was a natural way of involving the entire company on the listing day and supports one of our core values, One Team,” said Michel Sagen, Chairman of the Board.



About Pexip


Pexip simplifies complex video conferencing to empower teams to meet, regardless of location or technology. Our scalable, cloud-native platform enables high-quality video meetings, interoperability with Microsoft and Google solutions, and video system device registration. Customers can deploy Pexip on their own privately hosted servers, in their own cloud subscription of choice (Azure, Google Cloud or AWS), as a hybrid, or as a service. With a diverse set of APIs, Pexip can be customized to fit customers’ unique needs. The solution is sold through 300 channel partners in 75 countries and used in more than 190 countries.


For questions, please contact:


Øystein Hem, CFO, +47 992 34 596 


Gillian Dalslaaen, VP Marketing, +47 40461025



Important notice:


These materials do not constitute or form a part of any offer of securities for sale or a solicitation of an offer to purchase securities of the Pexip Holding ASA (the "Company") in the United States or any other jurisdiction. The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"). The securities of the Company have not been, and will not be, registered under the U.S. Securities Act. Any sale in the United States of the securities mentioned in this communication will be made solely to "qualified institutional buyers" as defined in Rule 144A under the U.S. Securities Act. No public offering of the securities will be made in the United States.


In any EEA Member State other than Norway and Sweden, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the EU Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression "EU Prospectus Regulation" means Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (together with any applicable implementing measures in any Member State).


In the United Kingdom, this communication is only addressed to and is only directed at Qualified Investors who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). These materials are directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.


Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "anticipate", "believe", "continue", "estimate", "expect", "intends", "may", "should", "will" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.


This announcement is made by and, and is the responsibility of, the Company. The joint global coordinators are acting exclusively for the Company and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, or for advice in relation to the contents of this announcement or any of the matters referred to herein.


Neither the joint global coordinators nor any of their respective affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein.


The announcement is for information purposes only. It does not purport to be complete, and it is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the joint global coordinators nor any of their respective affiliates accepts any liability arising from the use of this announcement.


Each of the Company, the joint global coordinators and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any statement contained in this announcement whether as a result of new information, future developments or otherwise.


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