Sinch, a leading provider of cloud-based omnichannel voice, video and messaging services has announced that SoftBank is taking a 10.1% stake in the company for $690 million through its 100% owned subsidiary, SB Management.
Sinch is carrying out a directed issue of approximately 3.2 million new shares, through an accelerated book building process (the Share Issue). In connection with the Share Issue, and in order to meet the demand, certain larger shareholders, including several co-founders, have agreed to sell 5.2 million shares. The Share Issue will be directed to Swedish and international institutional investors.
