Inderes - Finnish market done; pan-Nordic next - SEB
After creating a dominant position in the commissioned equity research and virtual events markets in Finland, Inderes aims to take its platform to all Nordic countries. The Nordic market opportunity is much larger than the Finnish one, making the company’s long-term growth potential attractive. Near-term growth is supported by 2021 IPO activity. We initiate coverage on Inderes with a fair value range of EUR 35-39.
Inderes
Inderes operates in the financial industry. The company provides a community platform for investors and listed companies. Via the platform, users can communicate with each other and exchange investment tips. The customers consist of both companies and private individuals. In addition, the company offers analysis services and a basis for investment decisions. The largest operations are in the Nordic region.
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