USWE Sports, a Swedish company that offers vests and jump-free backpacks and hydration packs for mountain biking, running, skiing and motorsports, will go public on June 24 on the Nasdaq First North Growth Market. Earlier this month, the company had completed its offering to the general public in Sweden and institutional investors. The offering consists of 1,265,822 newly issued USWE shares, representing about 29 percent of the total number of shares, and provides USWE with a cash injection of ariound 50 million Swedish kronor (€4.9m-$5.9m) before issuance costs. The issue price is SEK 39.50 (€3.9-$4.7) per share, corresponding to a consideration of SEK 120 million (€11.9m-$14.2m) for the offering. A number of board members, senior executives, existing shareholders and other and external investors have subscribed for a total of around SEK 40 million (€3.9m-$4.7m), corresponding to approximately 80 percent of the number of shares in the offering. The IPO is intended to help the company expand further. Founded in 2007, USWE already has a rather strong global presence, with the U.S. market accounting for about 60 percent of sales, followed by the Nordic region at 16 percent, the rest of Europe at 12 percent and the rest of the world at 12 percent.