Nordnet to price €1bn IPO at mids

Nasdaq_Stockholm_PA_575_375
By Aidan Gregory
23 Nov 2020

The IPO of Nordnet, the Swedish digital bank and investment management platform, is due to be priced at Skr96, the midpoint of the initial range, when bookbuilding ends on Monday.

At the revised offer price, the all-secondary IPO is multiple times covered. The books are set to close at 5pm on Monday evening, and Nordnet is scheduled to begin trading in Stockholm on Wednesday, November 25.

At Skr96 a share, Nordnet will be valued at Skr24bn (€2.35bn) ...

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