By Dominic Chopping


STOCKHOLM--Nordic specialist mortgage provider Enity Holding intends to launch an initial public offering and list its shares on Nasdaq Stockholm.

The company's majority shareholder, EQT, will offer up to 25.5 million shares in the IPO plus a potential further 3.8 million shares to cover an overallotment option.

Shares will be offered at 57 Swedish kronor ($5.91) each, giving the entire company a market value of 2.85 billion kronor.

"We specialize in serving borrowers with strong future payment ability who are often overlooked by high-street banks, including entrepreneurs and individuals with limited credit history," Enity Chief Executive Bjorn Lander said.

Enity said that the 29.3 million shares in the offering and overallotment represent around 58.7% of the total number of shares and votes in the company.

The company won't receive any primary proceeds from the offering.

Cornerstone investors Tredje AP-fonden, Harry Klagsbrun via Harmar, Jofam, and Handelsbanken Fonder have committed to acquire shares worth 625 million kronor, it said.

If the offering is fully subscribed and the overallotment option is exercised in full, EQT will own around 41.4% of Enity's shares.

The first day of trading on Nasdaq Stockholm is expected to be June 13.


Write to Dominic Chopping at dominic.chopping@wsj.com


(END) Dow Jones Newswires

06-09-25 0718ET