Digital savings and investments platform Nordnet AB today announced the outcome of the initial public offering (IPO) of its shares on Nasdaq Stockholm. As a result of the Offering, Nordnet will have more than 32,000 shareholders.

The Offering price has been set at SEK 96 per share, corresponding to a market capitalisation of Nordnet of SEK 24,000 million. The Offering comprises 94,000,000 existing shares in the company, offered by Nordic Capital, E. Öhman J:or Intressenter AB and E. Öhman J:or Intressenter II AB.

The total value of the Offering amounts to SEK 10,378 million, assuming that the Over-allotment Option is exercised in full.

Immediately following the completion of the Offering, assuming that the Over-Allotment Option is exercised in full, Nordnet’s largest shareholders will be Öhman Intressenter (approximately 22% of the total number of shares in Nordnet), Nordic Capital (approximately 9%) and Premiefinans K. Bolin Aktiebolag (approximately 9%). In addition, certain private individuals that are members of, or closely related to, the Dinkelspiel family will own approximately 14% of the total number of shares in Nordnet immediately following completion of the Offering.

Trading in the Nordnet share on Nasdaq Stockholm commences today, 25 November 2020, under the trading symbol “SAVE”. Settlement is expected to take place on 27 November 2020.

Lars-Åke Norling, CEO of Nordnet comments:

“Today marks the beginning of a new chapter in Nordnet’s history. For the first time in almost four years, we are once again a listed company, and I am very much looking forward to taking this next step in our development together with existing and new shareholders. I would like to extend a big thank you to everyone who has been involved in taking Nordnet to the position we are in today – especially the Nordic private savers who trust us with their savings every day, as well as my fantastic colleagues. Together, we continue building the world’s best platform for savings and investments”.

As FX News Group has reported, the Board of Directors and the executive management team of Nordnet, together with the Nordnet’s principal shareholders, the Öhman Group and Nordic Capital, believe that the time is now appropriate for a re-listing of Nordnet. The Öhman Group will remain a substantial shareholder following the listing and is committed to participate in the future development and growth of Nordnet.