Interest in IPOs remains very strong. Last year’s already high pace has been increased further to 16 IPOs in the first quarter of last year, this year has been to 26. The pressure is as high in the current quarter.
– The current situation looks very good, anyway the next quarter. We have preliminarily 25 new listings before the holiday. If it continues at the same rate will probably record compared with the peak in 2000, says Marie Parck, who is Sweden Responsible for IPOs on the Nasdaq Stockholm.
Stockholm Stock Exchange stands up therefore really good even in a European perspective. In a summary of the audit group PWC ended the Stockholm Stock Exchange second after the London Stock Exchange in terms of number of entries in the first quarter, before the stock market giants like Frankfurt and Paris.
The notes Marie Parck mention both the Stockholm Stock Exchange Small Cap list First North and Stockholm Stock Exchange’s big list; in the first quarter is 17 and nine companies listed on each list. Of these, 19 IPOs (the rest are mainly companies that will list).
“It is supposed to take place a pricing of the company and a strong stock market and low volatility reduces uncertainty around which the price you get. “
Marie Parck, Sweden Responsible for IPOs on the Nasdaq Stockholm
On the big list, all of the spring’s five IPOs gone off significantly compared to the issue price. The peak is technology service company Eltel. Shares quoted on 5 February and traded at 101 kronor, up by 48 percent compared with the issue price of SEK 68. Eltel is also the largest company with a market capitalization of close to 7 billion.
As a close second coming technology company Tobii, whose main activity is the so-called eye tracking, with a rise of 45 percent from the subscription price of 25 SEK.
The fact is that all five IPOs have managed to break the Exchange’s broad index by a wide margin. On the five new issues that have had the most modest price trend is Hoist, plus 18 percent, compared with a rise of 13.5 percent for the Exchange’s broad index OMXS.
– It is clear that there is a signal value in it. It shows that you are not maximizing price and that new investors have the chance to take part in a price increase. But there is no guarantee, either for these companies continue to go up or coming nynoteringar get an equally strong performance.
Parck believe that there are several factors behind the large influx of new listed companies. The sharp swings that characterized the market trend for two to three years ago is gone while a generally strong stock market ensures that you get paid well.
– It is supposed to take place a pricing of the company and a strong stock market and low volatility reduces uncertainty about what price you get. It may also be that we had a pent-up demand from companies, she said.
The second quarter looks to be as strong as the first, while autumn is more uncertain. It hangs on the stock markets and the general macroeconomic situation.
– We have a heart rate monitor in the number of meetings with companies that we have. I meet with companies who have anything from three to twelve months before a planned listing and we see that the rate of those starting meetings remains high. Actually, I have a meeting with a company now. It is likely to fall, says Marie Parck and runs off.
Eltel +48 percent
Technology Service company Eltel noted on February 6 and has just over three months speed by 48 percent, a development that all of the 100 institutional and 3,500 private investors must be very pleased with. The company is also the largest of the five listed on the stock exchange large list since year-end.
shares rose sharply on the first day but the main part of the course the lift has come in the last month, making the company stand out in comparison with spring’s second rate rocket, the Tobii.
Tobii +45 percent
Technology company Tobii was sunnier most haussade introduction and shares rushed back in the listing day, April 24, with 38 percent to SEK 34.50, and the second day it rose further, to 39 crowns. Since then the share price has actually gone down slightly and answers after a nearly month is a share price of 36.50 SEK, corresponding to a rise of 45 percent.
Troax +38 percent
Security Troax Group (formerly part of Gunnebo) was recorded March 27 at a subscription price of SEK 66. The 4500 new shareholders could rejoice that shares rushed by 19 percent the first day, the rest of the course, the lift has come after the financial report for the first quarter on May 8
Dustin +23 percent
IT reseller Dustin was on the Stock Exchange on February 13 with an introductory price of $ 50. Almost all of the increase since then came the first trading day on which the share rose to SEK 58.50. The 14 000 new shareholders during the more than three months have been invited on a rather choppy ride with a price peak on April 21 at 69.50 crowns. On Thursday, the share is traded at 61.25 crowns.
Hoist +18 percent
The financial group Hoist has had a fairly quiet ride during the first two months on the Stock Exchange (trading day March 25). Shares were admittedly a real boost first day when it rose to 66.10 kronor compared with the issue price of 58 SEK. Since then, the stock has fluctuated within a relatively narrow range and was traded on Thursday at 68.50 crowns.
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