Author

Joakim Falkner

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In recent times, Swedish IPO transactions have increasingly been subject to the engagement of cornerstone investors. A cornerstone investor is normally a large, reputable Swedish institution that commits to subscribe for a substantial part of the offered shares prior to the announcement of the IPO. The concept is rather uncommon in other jurisdictions, which can make the structure rather unfamiliar to non-Swedish institutional investors. In our view, the engagement of cornerstone investors has become a…

During fall 2013, Nasdaq Stockholm assigned a special “IPO-task force” to investigate if any improvements could be offered to potential listing applicants with respect to the IPO process. The outcome of the task force’s investigation was, among other things, that there was a demand, especially within the private equity sector, to establish a procedure to conduct faster listing procedures for companies that are well prepared for an IPO. In line herewith, Nasdaq Stockholm introduced a…