Sveafastigheter drops slightly on the first day of trading

Sweden — Trading in Sveafastigeter's shares began on Friday morning. A few hours after the stock market opened, the share had fallen slightly downwards and was traded at SEK 38.85, a decrease of approximately 1.6 percent.

2024-10-18

Interest in Sveafastigheter has been great among Swedish and international institutional investors and among the general public in Sweden, and the offer was heavily oversubscribed. The price was set at the lower end of the price range specified in advance. SEK 39.5 per share corresponds to a valuation of SEK 7.9 billion.

Sveafastigheter got more than 5,000 shareholders with the listing.

Erik Hävermark, CEO of Sveafastigheter, comments:

”This is an important milestone for Sveafastigheter in line with our vision to become Sweden's best residential real estate company. The listing opens new opportunities for us to accelerate our organic growth and realize the full potential of our property and new construction portfolio. I am very proud of what our team has accomplished so far. We welcome over five thousand new shareholders, who have shown strong confidence in our business concept and long-term ambitions, and we look forward to continuing our growth in a listed environment.”