SSM Holding AB (publ), the leading residential developer within its niche in the Stockholm region, today announced the successful completion of its initial public offering. The offering comprised 9,152,542 new shares and 2,132,564 existing shares, including over-allotment. The price in the offering was SEK 59 per share, corresponding to a market value of SSM after the Offering of SEK 2,316 million. Trading in the company’s shares on Nasdaq Stockholm commences today, 6 April 2017, under the trading symbol “SSM”.
About SSM Holding
SSM is a residential property development company operating in the Stockholm region. Our vision is a housing market with room for as many people as possible. The company was founded in 1993 and is 100 percent owned by two of the company`s founders Ulf Morelius and Ulf Sjöstrand. SSM build for a specific target group – the urbanites of tomorrow and their ambition is to develop the most popular apartments in urban areas. SSM therefore builds apartments offering good value for money for one or two person households with high functionality per square meter, just outside the city center, close to public transport.