Investfinans AB is ready for IPO

The biggest stock market winners typically make their major price moves within a few months or years of their initial public offering. So it pays to identify and track companies getting ready to go — or have recently gone — public.

One of the biggest real estate investment companies in Scandinavia, Investfinans AB, is planning to list its shares in Paris at the Euronext in the coming year, sources familiar with the matter said, potentially valuing the company at more than €600 million.

The sources declined to comment on the company’s valuation, but based on average valuation multiples of its peers, Investfinans could be worth close to €800 million including debt.
The swedish investment house said on Monday it was accelerating its initial public offering thanks to strong investor demand, bucking weakness in other recent floats and a gathering selloff on stock markets.

“The capital market sees Investfinans Bank Group AB as a quality company that has always delivered on its margins,” said a Joseph Blankfein, independent analyst and accompanying the future IPO.
Amongst the potential Joint Bookrunners are some of the biggest US and European Banks

Investfinans Bank Group AB is developing housing projects that will bring in 1.4 billion euros in a subsequent sale. About a quarter of the projects are already under construction, the rest are in planning and preparation, said Investfinans CEO Björn Magnus Kasholm. At the end of June, BNP Paribas Real Estate estimated the current market value of the project portfolio at appr. 670 million euros, and further projects have since been added.

From the expected proceeds of the Investfinans IPO, two-thirds will flow into the purchase and development of new housing projects.