Swedish Landlord Prisma Braves IPO Market in Sign of Better Mood

Swedish landlord Prisma Properties AB announced plans to hold an initial public offering in another sign of improving funding conditions for the battered sector and boon for the biggest stock exchange in the Nordics.

The company, which specializes in large out-of-town retail units, plans to raise about 1.25 billion Swedish kronor ($118 million) by listing on Nasdaq Stockholm, according to a statement. The listing is expected to be completed during the second quarter amid a broader rebound in European public share offerings.

The IPO is a welcome development for Sweden’s cash-strapped commercial real estate sector, where companies have struggled ...