Content Assessment: Selected Extracts on ayfie Group Listing on Merkur Market
Information - 95%
Insight - 95%
Relevance - 85%
Objectivity - 90%
Authority - 90%
A short percentage-based assessment of the qualitative benefit of the recent post sharing extracts related to the listing of ayfie on the Merkur Market of the Oslo Stock Exchange.
Editor’s Note: Highlighted today by the leading legal technology blog, Artificial Lawyer, the listing of the international provider of search and text analytics solutions, ayfie, on the multilateral trading facility (MTF) Merkur Market of the Oslo Stock Exchange highlights a rare move for legal technology companies that are not part of larger enterprises.
Announced on July 7, 2020, selected media extracts on ayfie’s listing of shares are provided for a deeper understanding of this unique move by the Oslo-headquartered company focused on AI enhanced solutions built on proprietary linguistics, machine learning, smart search, and text analytics.
ayfie Lists Shares in Rare Legal Tech Move (Artificial Lawyer)
NLP-driven doc analysis company, ayfie, has listed its shares for public trading – a rare move for most legal tech businesses that are not part of far larger companies.
In this case, ayfie – which has its roots in Norway, but now has offices in the US, UK and Germany – has decided to join the Merkur Market in Oslo, which is a multilateral trading facility. This stock trading platform allows ayfie’s large number of shareholders to more easily sell their equity holdings – but, importantly, this is not raising additional capital, i.e. this is not an issuance of new shares to the public, AKA an IPO.
ayfie to Become the Tenth Newcomer of the Year on the Oslo Stock Exchange (ayfie)
ayfie Group, a global supplier of text analytics solutions, was listed on Merkur Market today [July 7, 2020]. As part of the Oslo Stock Exchange, Merkur Market is a multilateral trading facility (MTF) – making both the admission requirements and the ongoing reporting obligations after admission simpler and less comprehensive than those of Oslo Børs. However, companies are nevertheless obliged to disclose inside information immediately and on their own initiative and to publish half-yearly financial statements.
“This is a great time for us to join the Merkur Market: While COVID-19 is obviously not over, we are definitely seeing business pick up in all areas. Our knowledge discovery product ayfie Locator was recently licensed to several large Norwegian law firms, while our eDiscovery tool ayfie Inspector is gaining traction in the US. As courts get back to work after the lock-down there, we are seeing revenue increase due to a rising number of transactions,” says Johannes Stiehler, CEO of ayfie Group AS. “That is exciting news for us and I am looking forward to sharing the excitement with our current investors who have just recently supported us with a significant private placement, as well as with new investors that will become part of the ayfie story through the stock exchange,” he adds.
ayfie Group Admitted to Trading (Oslo Børs)
“Based on our proprietary technology we have developed and launched unique intelligent knowledge discovery products and search solutions for use in the legal, financial and corporate compliance markets. Our ambition is to grow in our current markets in the Nordics and the US, and then move into new geographical markets as well as new verticals,” comments Siw Ødegaard, CFO ayfie Group.
About the Merkur Market (Oslo Børs)
Merkur Market offers companies and their owners one of the fastest admission processes in Europe. The time between Oslo Børs receiving an application and the company being admitted to trading can be around one to two weeks. Since Merkur Market is an MTF [Multilateral Trading Facility], both the admission requirements and the continuing reporting obligations following admission are simpler and less comprehensive than for companies listed on Oslo Børs and Oslo Axess.
About ayfie (ayfie)
ayfie Group is an international provider of market-leading search and text analytics solutions that bring structure to unstructured data. ayfie’s solutions combine linguistics-based natural language processing and modern machine learning to form a unique type of AI to efficiently identify critical insights, conduct smart search and power business intelligence solutions. The company is headquartered in Oslo, and has operation in Norway, Sweden, Germany, UK and the US.
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