The board and management of the Company consider the listing of the Company’s B-shares a natural step in KlaraBo’s continued development. The main reason for listing on Nasdaq Stockholm is to create optimal conditions for continued growth. A listing will broaden KlaraBo’s ownership base and provides increased access to the capital market. In addition to more efficient capital raising, listing is expected to increase awareness of KlaraBo, which is expected to strengthen the profile of the Company towards stakeholders such as employees, tenants, municipalities and lenders.  

The listing committee of Nasdaq Stockholm has assessed that KlaraBo meets the applicable listing requirements. Nasdaq Stockholm will approve an application for admission to trading of the Company’s B-shares on Nasdaq Stockholm, provided that certain customary conditions are fulfilled, including that the Company submits such application and that the distribution requirement for the Company’s B-shares is fulfilled. The listing and Offering are expected to be completed during the fourth quarter of 2021.

Andreas Morfiadakis, founder and CEO, comments:

”Since 2017 we have experienced a great development in terms of results and growth. During the last year, we have nearly doubled our property portfolio and recently completed our strongest quarter ever. The result proves our timely business concept and focus, and we look forward to finding more interesting acquisitions in the near future and accelerating the refinement of our existing properties. The real estate market remains strong, and the IPO enables us to continue working towards our ambitious growth targets, while at the same time it feels very positive to be able to offer this opportunity to more potential shareholders.”

Lennart Sten, Chairman, comments:

”KlaraBo was founded with the vision of building a real estate company that combines new construction of rental apartments in growth regions with acquisitions and refurbishment of existing residential properties. Our strategy and business model have been successfully implemented in the business and we believe the timing for an IPO is right and a logical next step. The IPO will provide the management team with additional support and the financial resources necessary to continue the growth journey.”