Finance
Digital bank NOBA soars 27% in Stockholm IPO debut
Published by Global Banking and Finance Review
Posted on September 26, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 26, 2025
1 min readLast updated: January 21, 2026
NOBA Digital Bank shares rose 27% on their first trading day in Stockholm, valuing the company at 44.5 billion crowns. The IPO was oversubscribed.
OSLO (Reuters) -The share price of digital banking group NOBA rose 27% on its first day of trading on Friday following an initial public offering on the Stockholm bourse, valuing the company at 44.5 billion Swedish crowns ($4.71 billion).
NOBA, controlled by private equity firm Nordic Capital and Finnish insurer Sampo, was the second major Swedish financial services group to go public this year, with buy now, pay later lender Klarna making its New York debut this month.
NOBA's shares traded at 88.95 Swedish crowns at 0716 GMT, up from 70 crowns in the IPO which the bookrunners earlier this week said had been multiple times oversubscribed by investors.
NOBA operates across the Nordic region under the brands Nordax Bank, Bank Norwegian and Svensk Hypotekspension, and offers credit cards in Germany as well as deposit products in Germany, Spain, the Netherlands and Ireland.
($1 = 9.4429 Swedish crowns)
(Reporting by Terje Solsvik, editing by Stine Jacobsen)
NOBA's share price rose 27% on its first day of trading.
NOBA is controlled by private equity firm Nordic Capital and Finnish insurer Sampo.
The initial share price of NOBA during the IPO was 70 Swedish crowns.
NOBA operates under the brands Nordax Bank, Bank Norwegian, and Svensk Hypotekspension.
The IPO was described as being multiple times oversubscribed by investors.
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