Carnegie sole global co-ordinator and joint bookrunner in the IPO of K-Fast Holding AB

K-Fastigheter is a rapidly growing residential property group with focus on efficient construction and long-term property management of mainly self-developed residential properties. As of 30 September 2019, the property portfolio consisted of 1,562 apartments under property management, 678 apartments under construction and 1,095 apartments under project development.

  • The offering comprised 8,625,000 newly issued B-shares at a subscription price of SEK 105 per B-share corresponding to approximately SEK 906 million.
  • The Second Swedish National Pension Fund, The Fourth Swedish National Pension Fund, Funds managed or advised by Capital Research and Management Company, Celox, Länsförsäkringar Fondförvaltning AB, SEB Investment Management, Swedbank Robur Funds, Handelsbanken Funds and Coeli Absolute European Equity were cornerstone investors and subscribed for approximately 47 percent of the offering.
  • Trading on Nasdaq Stockholm commenced on 29 November 2019 under the symbol (ticker) KFAST B.

Carnegie acted as sole global co-ordinator and joint bookrunner in connection with the IPO.