Nordnet Plans to List Its Shares on Nasdaq Stockholm

​Nordnet AB ("Nordnet"), a leading pan-Nordic digital savings and investments platform, announced on Thursday that it intends to launch an initial public offering of its shares (the "IPO" or the "Offering") and to list its shares on Nasdaq Stockholm. The Offering is expected to consist entirely of existing shares in the Company offered by the Selling Shareholders.

Founded in 1996, Nordnet was a pioneer in low-cost electronic securities trading in the Nordics. Since its foundation, Nordnet has been focused on the digital customer experience, with the overall objective of democratising savings and investments. As the only pan-Nordic digital savings and investments platform operating at scale, Nordnet's business benefits from a long-term trend of customer migration from incumbent banks to digital savings platforms. 

Lars-Åke Norling, CEO of Nordnet, commented: "Over the past few months we have been through a strategic review, during which we have met with a lot of stakeholders. There has been strong interest in our pan-Nordic digital platform for savings and investments, and the general view is that Nordnet is an attractively positioned company embarking on an exciting journey."

"We address a SEK 10 trillion Nordic market for savings and investments, and despite the fantastic growth we have seen the past years, we have just started to realise our potential. The online savings segment is growing due to strong macro trends such as increasing disposable income, the need for individuals to take more responsibility over their pension savings, and the rapid migration from incumbent banks to online platforms."

"Nordnet's strong brand and user-friendly pan-Nordic platform give us a unique position to capitalise on this structural shift. It is now time to take the next step in our journey. A listing will further build our profile and brand awareness while offering shareholders, including our employees and customers, the opportunity to be part of our continued growth journey."

Nasdaq Stockholm's listing committee has made the assessment that Nordnet fulfils the applicable listing requirements. Nasdaq Stockholm will approve an application for admission to trading of the Company's shares on Nasdaq Stockholm, provided that certain conditions are fulfilled, including that the Company submits such application and fulfils the distribution requirement. Depending on market conditions, Nordnet's Offering and listing on Nasdaq Stockholm is expected to be completed in 2020.