Listing of NOBA Bank Group AB (publ) on Nasdaq Stockholm

Cederquist has advised NOBA Bank Group AB (publ) (NOBA Bank) in connection with the admission to trading of NOBA Bank’s shares on Nasdaq Stockholm. Trading on Nasdaq Stockholm Main Market commences today, 26 September 2025. The offering values NOBA Bank at SEK 35 billion and is the largest IPO on Nasdaq Stockholm so far in 2025.

Having been founded over two decades ago, NOBA has grown into the leading specialist bank in the Nordic region and one of the leading specialist banks in Europe, with a loan book of SEK 128 billion and serving over two million customers through its three brands Nordax Bank, Bank Norwegian and Svensk Hypotekspension as of 30 June 2025. Since day one, NOBA’s mission has been to enable financial health and inclusion for more people, through disciplined underwriting and a specialized and focused customer offering.

NOBA Bank has over 600 employees and is mainly owned by Nordic Capital Fund VIII, Nordic Capital Fund IX and Sampo.

Cederquist’s team has comprised a wide range of practices and mainly consisted of Fredrik Lundén (Partner, Public M&A and ECM), Isabel Rosvall (Partner, Private M&A), Filip Gyulai (Senior Associate, Public M&A and ECM), Matilda Larsson (Senior Associate, Public M&A and ECM), Theodor Mendel (Associate, Public M&A and ECM), Andreas Nilsson (Associate, Public M&A and ECM), Gustav Björklund (Associate, Private M&A), Sebastian Bertheau (Partner, Financial Regulation), Emilia Falk (Associate, Financial Regulation), Per Henriksson (Partner, Banking & Finance), Camilla Hedner (Senior Associate, Banking & Finance) and Mohamed Mustapha (Associate, Banking & Finance).

For more information about the listing and NOBA Bank, please refer to the company’s website: Leading European specialist bank | NOBA.