Finnish office-pod maker Framery Group [HLSE: FRAMERY] opened 6 percent above its IPO price as trading in its shares began on the Main Market of Nasdaq Helsinki, bringing a rare dose of activity to Finland’s quiet IPO market.

Framery moved to the main list from the exchange’s prelist today, becoming one of only nine new listings in Helsinki this year, according to Nasdaq data. The workplace furniture company started at EUR 8.50 and traded slightly higher at EUR 8.60 shortly after the open, valuing it at about 673.6 million euros.

Investor demand proved strong. The public, institutional, and personnel offerings were all multiple times oversubscribed. Framery raised €20 million in new capital, while existing shareholders sold a larger block of shares as part of the listing structure.

For Framery, the main-market debut represents both maturation and continuity. In his LinkedIn post, CEO Samu Hällfors wrote: “ This marks an incredible 15-year journey from zero to becoming the global player in our own field.” Today, I am especially proud to welcome over 10,000 new shareholders to join our growth journey.”

Hällfors has repeatedly highlighted broad ownership as a deliberate strategic choice. In the stock-exchange release, he noted that “more than half of Framery’s employees are now owners of the company,” reflecting a culture that emphasises long-term commitment.

Framery began with a simple frustration. Ilkka Kaikuvuo, who helped spark the original idea, captured the moment in a LinkedIn post: “One talkative guy in the open space of an office hotel in Tampere. Me. One thought: someone should do something about this. That thought gave birth to Framery.” A makeshift prototype was then built in about a month in a garage in Janka. In an interview with Listeds, he added: "Ideas really are worth almost nothing, because execution is what truly matters. This time, the team executed exceptionally well."

Framery’s appeal is tied to a wider rethinking of workspaces. Its soundproof pods and smart office tools are now found in more than 100 countries, driven by the steady demand created by hybrid work and the rise of co-working.

The listing also triggered routine manager-transaction disclosures. On Dec. 2, CEO Samu Hällfors disposed of over 2.2 million shares at €8, worth roughly €17.9 million, while CFO Lauri Isotalo sold nearly 100,700 shares at €8, worth roughly €805,000.

As Nasdaq Helsinki’s President Henrik Husman noted, Framery’s journey “from a Finnish startup to a global leader in smart office solutions” highlights the strength of Finnish innovation. With today’s move to the main market, the company begins its next chapter under a brighter public spotlight.