NOBA Shares Jump 27–29% in Stockholm IPO

NOBA Bank Group's IPO was priced at SEK 70 and its shares jumped roughly 27–29% on their Stockholm debut, valuing the company at about SEK 44.5–45 billion (≈$4.7–4.76 billion). Early trades ranged between SEK 84.90 and SEK 90.47 as the offering was heavily oversubscribed and brought the shareholder base to more than 33,000. Selling shareholders Nordic Capital and Sampo placed 108,695,651 existing shares (about 21.7% of outstanding), raising roughly SEK 7.6 billion; management and board members reinvested the bulk of proceeds and introduced a new long‑term incentive plan. NOBA operates Nordax Bank, Bank Norwegian and Svensk Hypotekspension and offers cards and deposit products across several European markets. Shares began trading on Nasdaq Stockholm on a when‑issued basis from Sept. 26 (subject to liquidity conditions), and the listing is being seen as another boost to Stockholm’s busy IPO market ahead of a planned Verisure flotation and following Klarna’s recent listing.