Pair of Billion-Dollar Firms Kick Open European IPO Window (1)

The window for initial public offerings in Europe has opened in earnest this week, with a flurry of listings indicating the tariff-induced caution that disrupted deals earlier in the year has passed.

Swedish financial services group NOBA Bank Group AB said Thursday it plansan IPO in Stockholm this month. Meanwhile, SMG Swiss Marketplace Group AG’s shareholders will seek as much as 903 million Swiss francs ($1.1 billion), teeing up what could be Europe’s largest listing yet this year.

Seeing larger issuers finally wading into the market is a welcome sign for European capital markets, after volatility stemming from April’s ...