Finance
Gold trading platform Guldbrev lists in Stockholm amid record high gold prices
Published by Global Banking & Finance Review®
Posted on October 14, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 14, 2025
2 min readLast updated: January 21, 2026
Guldbrev launched its gold trading platform in Stockholm amid record gold prices, with an oversubscribed IPO and plans for European expansion.
By Vera Dvorakova and Izabela Niemiec
(Reuters) -Shares of Swedish gold trading platform Guldbrev Holding opened at 20.5 Swedish crowns ($2.15) per share on their market debut on the Nasdaq First North exchange on Tuesday, slightly above the 20 crowns they had been priced at during the heavily oversubscribed initial public offering (IPO).
WHY IT'S IMPORTANT
The price of gold reached $4,000 an ounce for the first time ever earlier in October, with investors seeking cover amid geopolitical uncertainty. This has boosted shares of gold miners and other companies trading in the precious metal.
Following the IPO, announced in September amid soaring gold prices, Guldbrev plans to distribute 60-80% of its annual net profits to shareholders.
CONTEXT
Guldbrev is a digital platform mainly active in the Nordic countries that focuses on buying gold jewellery and items from consumers, and then recycling and reselling it.
Customers can order an envelope from Guldbrev online, place their items in it and ship it to the company, its website said. Guldbrev then evaluates the gold and pays the customer back for it through a bank transfer or instant payment.
The company, which is also present in Germany and the Netherlands, sees expansion into continental Europe as the next step in its strategy to broaden its geographical revenue base and benefit from the scalability of its digital platform.
It managed to more than double its revenue between 2022 and 2024, and has said it does not see any major investment needs in its core business.
BY THE NUMBERS
Guldbrev's IPO was subscribed for about 350 million Swedish crowns ($37 million), corresponding to about 208% of the offering.
The high subscription rate resulted in Guldbrev exercising an up-size option, where existing shareholders sold nearly 2.1 million additional shares, bringing the oversubscription rate to 167%.
($1 = 9.5240 Swedish crowns)
(Reporting by Vera Dvorakova and Izabela Niemiec in Gdansk; Editing by Milla Nissi-Prussak)
An Initial Public Offering (IPO) is the process through which a private company offers shares to the public for the first time, allowing it to raise capital from public investors.
A trading platform is a software application that allows investors to buy and sell financial securities, such as stocks, bonds, and commodities, through various financial markets.
Gold trading involves buying and selling gold as a commodity in various forms, including physical gold, futures contracts, and exchange-traded funds (ETFs) that track gold prices.
Annual net profits refer to the total earnings of a company after all expenses, taxes, and costs have been deducted from total revenue over a fiscal year.
Market capitalization is the total market value of a company's outstanding shares of stock, calculated by multiplying the share price by the total number of shares.
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