ABG Sundal Collier acted as Joint Bookrunner in the SEK 8,750 million IPO of NOBA Bank on Nasdaq Stockholm

NOBA Bank Group AB (publ), a leading specialist bank in Europe, has successfully completed its IPO on Nasdaq Stockholm. The IPO was heavily oversubscribed, supported by strong Swedish and international institutional interest as well as from the general public in Sweden.
OP Cooperative, DNB Asset Management and Handelsbanken Fonder acted as cornerstone investors in the transaction with undertakings amounting to SEK 3,175 million, corresponding to 36% of the total number of shares in the offering. The IPO was priced at SEK 70 per share, corresponding to a total market capitalization of SEK 35bn.
The transaction marks ABG Sundal Collier’s seventh transaction with NOBA, following the acquisition, and financing, of Bank Norwegian in 2021, IPO of Nordax in 2015 etc.