Swedish Lender NOBA Bank Announces Plans for Stockholm IPO (2)

Swedish financial services group NOBA Bank Group AB announced plans to launch an initial public offering in Stockholm, bringing new momentum to Europe’s busiest exchange for first-time share sales this year.

The offering is expected to take place in the third quarter of this year and consist of existing shares held by its current owners, including private equity backer Nordic Capital and Sampo Oyj, according to a statement on Thursday.

The decision to list now “was ultimately an owner decision but the timing feels right,” NOBA Chief Executive Officer Jacob Lundblad said by phone. “This is a big IPO and ...