SEPTEMBER 19 2025
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19 SEPTEMBER 2025
Following the announcement of its intention to float on 11 September 2025, NOBA AB (publ) (”NOBA” or the “Company”), the leading* specialist bank in the Nordic region and one of the leading specialist banks in Europe, today publishes its prospectus for the IPO and announces the price per share in the Offering. Trading in the Company's shares on Nasdaq Stockholm is expected to commence on 26 September 2025.
NOBA offers retail customers private loans, credit cards, specialist mortgages, equity release mortgages and deposits and is operating under three brands: Nordax Bank, Bank Norwegian and Svensk Hypotekspension. The Company has experienced a period of significant transformation and has successfully expanded the business both organically and through acquisitions resulting in a broader and improved product offering. NOBA has invested more than SEK 500 million in its technology platform over the last six years to establish and operate with one unified core banking platform across all products and markets, capable of achieving industry-leading cost efficiency as evidenced by its low cost/income ratio. Benefitting from its scale and its well-invested platform, NOBA is today in a strong position to continue its growth journey and further improve results during the coming years.
For the full press release, please see https://www.noba.bank/investor-relations/ipo
*Based on an assessment of NOBA’s overall total addressable market, NOBA’s market share amounts to approximately 10% as of 2023. Sources: Euromonitor, Statistics Sweden (the Statistical Database), Statistics Norway (StatBank database), Bank of Finland, Statistics Denmark (StatBank Denmark database), Swedish Riksbank and annual reports for competitors of NOBA.