ABGSC acted as Joint Bookrunner in the SEK 10,378 million IPO of Nordnet – The largest Nordic IPO in 2020 and the 4th largest IPO ever in Sweden

Nordnet announced on Wednesday 25 November 2020 the successful completion of its initial public offering (“IPO”) with trading on Nasdaq Stockholm commencing the same day. The shares in the IPO were priced at SEK 96.00, equivalent to a market capitalization of SEK 24.0 billion. Existing shareholders sold 94.0 million shares, for a total of approximately SEK 9.0 billion. In addition, 14.1 million shares were over-allotted (15% of base deal), resulting in a total IPO transaction size of approximately SEK 10.4 billion, making it the largest Nordic IPO in 2020 and the 4th largest IPO ever in Sweden.
The IPO attracted great interest from Nordic and international institutional investors, as well as the general public in Sweden. Nordnet will have approximately 32,000 shareholders as a result of the IPO.