ABG Sundal Collier acted as Sole Global Coordinator and Joint Bookrunner in the SEK 750 million IPO of KlaraBo on Nasdaq Stockholm

KlaraBo Sverige AB (publ) (“KlaraBo”), a manager and developer of rental apartments in Sweden, has successfully completed its IPO on Nasdaq Stockholm. The IPO attracted very strong interest from institutional investors in Sweden and abroad as well as from the general public in Sweden and was heavily oversubscribed. As of 30 September 2021, the property value of KlaraBo amounted to SEK ~7,400 million with more than 5,300 apartments under management. KlaraBo intends to use the proceeds from the IPO to finance investments in the existing property portfolio and new construction, complete property acquisitions and repay vendor notes.
Clearance Capital, Länsförsäkringar Fondförvaltning, M2 Asset Management AB and Fonden ODIN Eiendom acted as cornerstone investors. The price in the IPO was SEK 35 per share, equivalent to a post-money equity value of SEK ~4.5 billion.