ABG Sundal Collier acted as global coordinator and joint bookrunner in the SEK 231m IPO of Tobin Properties

Deal announcement

Tobin Properties AB (publ) (”Tobin Properties” ) today started trading on Nasdaq First North Premier.
The Offering consisted of 1,875,000 new shares and 638,500 existing shares. In order to cover any over-allotment in relation to the Offering 377,032 new shares were also issued. The price in the Offering was SEK 80 per share, corresponding to a market value of Tobin Properties ordinary shares of approximately SEK 830m. The Offering attracted very strong interest both from Swedish and international institutional investors as well as the general public in Sweden and among Tobin Properties’ employees. The Offering was substantially over-subscribed.
 

About Tobin Properties

Tobin Properties (www.tobinproperties.se) is a real estate development company with a focus on attractive residential locations, primarily in Stockholm’s inner suburbs. Tobin Properties collaborates with leading architects and consultants for the design and with selected brokers for the sale of homes. For the construction Tobin Properties procures contracting services from recognized and skilled construction companies. Tobin Properties’ project portfolio consists of development projects with an estimated total developed value of approximately SEK 10.9bn.