ABG Sundal Collier acted as joint global coordinator and joint bookrunner in the NOK 1,031 million IPO of Komplett Bank ASA

Deal announcement

Komplett Bank ASA (”Komplett Bank”) has today announced the successful completion of its initial public offering (the “Offering”) and is expected to start trading on Oslo Børs from 10 November. The Offering consisted of the issuance of 22,972,972 new shares by Komplett Bank and the sale of 25,469,420 existing shares. In addition an additional 7,266,358 shares were over-allotted. The price in the Offering was set at NOK 18.50 per share, the top-end of the indicative price interval of NOK 17.00-18.50 per share, corresponding to a market value of Komplett Bank after the Offering of NOK 3,170 million.
 

About Komplett Bank ASA
 

Komplett Bank is a focused Nordic digital niche bank offering personal loans, credit cards, deposit accounts and online point-of-sales finance products to consumers. The target group is creditworthy customers with stable personal finances and no payment remarks. Credit risk is managed largely by automated processes for credit assessment and underwriting. The bank has a diversified and balanced distribution model utilizing both public and proprietary channels. Operational efficiency and low cost is a foundation for Komplett Bank and is enabled by centralized operations, modern systems and digital set-up