Asker Jumps in Swedish Debut After Europe’s Biggest 2025 IPO (1)

Asker Healthcare Group AB shares surged in their Stockholm debut after the company and its owners raised nearly 8.9 billion kronor ($887 million) in Europe’s largest initial public offering so far this year.

The stock rose as much as 25% on Thursday from the IPO price of 70 kronor per share. The offering gave Asker an implied valuation of 26.8 billion kronor in a deal that accounted for around 33% of the company’s total shares, the group said in a statement on Thursday. Asker was trading 22% higher at 85.33 kronor as of 10:23 a.m. local time.

Asker raised about ...