Digital bank NOBA has priced its upcoming initial public offering on the Nasdaq Stockholm exchange at 70 crowns per share, giving the firm a valuation of 35 billion crowns ($3.7 billion). The company expects trading to begin on September 26.
The deal marks the second major listing by a Swedish financial group this year, following Klarna’s New York debut earlier this month. NOBA, backed by private equity firm Nordic Capital and Finnish insurer Sampo, operates across the Nordics through brands such as Nordax Bank, Bank Norwegian, and Svensk Hypotekspension. Beyond its regional banking operations, the group also provides credit cards and deposit products across Germany, Spain, the Netherlands, and Ireland.
Source: Reuters
