Finance
Digital bank NOBA sets Sweden IPO price valuing firm at $3.7 billion
Published by Global Banking & Finance Review®
Posted on September 19, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 19, 2025
1 min readLast updated: January 21, 2026
NOBA Digital Bank's IPO on the Stockholm bourse values the firm at $3.7 billion, with trading set to begin on September 26.
STOCKHOLM (Reuters) - Digital banking group NOBA has set the price in a planned initial public offering on the Stockholm bourse at 70 crowns per share, valuing the firm at 35 billion crowns ($3.73 billion), it said on Friday.
NOBA, which unveiled earlier this month it planned to list on the Nasdaq Stockholm exchange in the third quarter, said in a statement it expected trading in its shares to start September 26.
Its listing plans make it the second major Swedish financial services group to opt to go public this year, with buy now, pay later lender Klarna making its New York debut earlier this month.
The NOBA Group is controlled by private equity firm Nordic Capital's funds and Finnish insurer Sampo Oyj, according to information on its website.
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 = 9.3897 Swedish crowns)
(Reporting by Anna Ringstrom, editing by Terje Solsvik)
NOBA has set the price for its planned IPO at 70 crowns per share.
NOBA expects trading in its shares to start on September 26.
Klarna, a buy now, pay later lender, made its New York debut earlier this month.
The NOBA Group is controlled by private equity firm Nordic Capital's funds and Finnish insurer Sampo Oyj.
NOBA operates across the Nordic region and offers credit cards and deposit products in Germany, Spain, and the Nordics.
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