Carnegie joint global co-ordinator in the IPO of Nordnet

Nordnet AB (publ) (”Nordnet” or the ”Company”), a leading pan-Nordic digital savings and investments platform, today announces the outcome of the initial public offering of its shares on Nasdaq Stockholm (the “Offering”). The Offering attracted very strong interest from large Swedish and international institutional investors as well as the general public in Sweden, Norway, Denmark and Finland. As a result of the Offering, Nordnet will have more than 32,000 shareholders

The Offering in brief

  • 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 (”Öhman Intressenter”) and E. Öhman J:or Intressenter II AB (together the “Selling Shareholders”)
  • In order to cover any over-allotment in connection with the Offering, Nordic Capital and Öhman Intressenter have committed to sell up to 14,100,000 additional existing shares, corresponding to 15% of the total number of shares in the Offering (the “Over-Allotment Option”)
  • If the Over-Allotment Option is exercised in full, the Offering will comprise a total of 108,100,000 shares, corresponding to approximately 43% of the total number of shares in the Company
  • The total value of the Offering amounts to SEK 10,378 million, assuming that the Over-allotment Option is exercised in full
  • Trading in the Nordnet share on Nasdaq Stockholm commences today, 25 November 2020, under the trading symbol “SAVE”.

About Nordnet

Nordnet is a leading pan-Nordic digital savings and investments platform with operations in Sweden, Norway, Denmark and Finland. Since it was founded in 1996, the overall objective of Nordnet’s business has been to democratise savings and investments by giving private savers access to the same information and tools used by professional investors.

Nordnet offers private savers and investors savings and investments in numerous financial products at a low cost and select lending products through its digital platform. The platform targets private savers in Sweden, Norway, Denmark and Finland and is accessible through Nordnet’s digital channels. Nordnet also operates the largest social investment network in the Nordics, Shareville, which brings together more than 250,000 users and enables Nordnet’s customers to follow other investors and see their portfolios. Nordnet has, in total, more than half a million members on its social media networks.

Carnegie acted joint global co-ordinator in connection with the IPO.

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