LYYN AB has decided to undertake an Intitial Public Offering (IPO) to increase sales resources and listing on the equity marketplace AktieTorget. The listing memorandum is now available to the public on AktieTorget and LYYN’s website.

Through an IPO of 9.6 million SEK and the planned listing on AktieTorget LYYN takes an important step towards more aggressive marketing, particularly in the expanding market for surveillance. The goal is that by using its own sales staff in key markets greatly increase the number of resellers / systems integrators, and to support them more actively in the process the end users.

CEO Bengt Sahlberg comment
“Our unique image enhancement technology of real-time video in order to improve visibility has many applications. Over the last three years we have delivered over 650 products in 43 countries, and established ourselves as the leading supplier in the subsea market. This, we will now repeat in the many times bigger surveillance market. ”

The timing of the IPO in summary:
Subscription period: May 19 – June 3 2010
Subscription price: 1.75 SEK  per share
Listing on AktieTorget: First day of trading expected to be July 8, 2010.

The listing memorandum is available for download here. N.B. ALL INFORMATION IN THE SWEDISH LANGUAGE.