Evli Bank Nasdaq Helsinki IPO

Overview:

• Evli Bank, a Finnish Bank based in Helsinki, launched a €250 million IPO on the Nasdaq Helsinki stock exchange.
• The IPO was oversubscribed by seven times and the subscription period was discontinued on the first possible date.
• As the owners are also the main bankers behind Evli Bank and wanted to stay in control of the company for operational reasons, there was a separate class for trading created for the IPO.
• Evli Bank and Alexander Corporate Finance were the arrangers in this deal. Their in-house team acted as their counsel.

Wai Yee Tsang - Journalist