The European resellers inspiring investor confidence

Josh Budd
clock • 4 min read

It's not just UK-listed resellers that are enjoying a solid 2018 on the stock market, with European counterparts such as Cancom and Crayon also climbing

3) Crayon

Share increase YTD: 27%

Current market valuation: NOK 1.35bn (€142.99m)

Valuation at start of year: NOK 1.08bn

Software asset management specialist Crayon announced plans to make a triumphant return to the stock exchange last year, and began trading on Oslo Børs on 8 November.

The Norwegian firm has been off to a flying start, and has grown its share price by more than 27 per cent since the start of January.

Crayon's success during its first eight months of trading has caught the attention of some of its competitors, with fellow LSP SoftwareONE and Russian VAR Softline even snapping up minority stakes in the firm.

Speaking to Channelnomics Europe, Crayon's CEO Rune Syversen said the fact that competitors have shown an interest speaks volumes about his firm's health on the stock market.

Syvensen even said that he, together with his co-founder, has even personally acquired more Crayon stock as a sign of his confidence in the company's future outlook.

Rune Syversen Crayon

"Investors understand this is a more long-term investment based on the stock price right now. Both myself and my co-founder have acquired more stock because we are pretty bullish about the future and the outlook of the company, -" Rune Syversen, CEO,Crayon.

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