Nordax Group Nasdaq OMX Stockholm IPO

Overview:

• The Nordax Group has launched an IPO on the Nasdaq OMX Stockholm.
• The offer of 57,518,970 shares was priced at SKr45 per share, giving a market capitalisation of SKr5 billion.
• The offer raised around SKr2.59 billion.
• Morgan Stanley and Carnegie acted as joint global coordinators, Citigroup acted as bookrunner with ABG Sundal Collier as co-lead manager.
• Vision Capital Partners VII and Vision Capital Partners VII were the company's principal selling shareholders.
• Nordax is a Swedish bank providing unsecured consumer loans and deposits to around 120,000 customers in Sweden, Norway, Finland, Denmark and Germany.

Sam Duke - Editor