Stockholm Exchange nears high, IPO improves

By IVCPOST Staff Reporter

Aug 26, 2013 09:58 PM EDT

The appetite for initial public offerings (IPO) in Sweden had grown. This was after more companies had planned to sell shares. Stockholm's OMX All-Share Index had also approached a record high and volatility started to fade.

In a phone interview, Nasdaq OMX Group head of European listings Adam Kostyal said, "I think there has been pent-up demand to raise capital on the stock exchange."

This year, two companies were added to Stockholm's main market. On the other hand, nine companies were added to Nasdaq's alternative First North exchange. This showed a total of five new companies in the period in 2012 and 11 for the whole year. In 2011, there were 29 listings according to reports.

The development in Sweden's economy had been a part of the global trend. The said trend included a boost in stock markets confidence and lowered volatility, according to Kostyal. So far, the number of announced public offerings in Western Europe had increased. The number went up by 8% to 80 this year. It had gained 12% to 286 IPOs in the US as shown in a data compiled by Bloomberg.

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