Since 2020, 203 companies have been listed on the Stockholm Stock Exchange. Of these, 160, or 80 percent, are now traded for less than the price when they were listed on the stock exchange.
During the same period, 30 companies have lost more than 90 percent of their value.
Among the largest listings in recent years are Volvo Cars, the investment company Storskogen and the IT company Cint. Since the listing, Volvo Cars has lost 31 percent in value. Storskogen has fallen by 68 percent and Cint by 85 percent.
Housing prices and market concerns
The four largest IPOs in Stockholm have lost a total of 12.6 billion dollars, equivalent to 132 billion kroner, in value since they entered the market.
The gloomy statistics can be attributed to the strained economic situation and market volatility, writes Bloomberg. In addition, falling housing prices and a feared low growth also play a significant role.
Engineering companies are going against the trend. Among them is Engcon AB, which has more than doubled its price since its IPO in June last year.
Too early to judge
So far in 2023, no company has moved towards the stock exchange.
But Stefan Ward, equity analyst at the investment bank Paretos Securities, believes that it is too early to judge the possibilities for future Swedish IPOs.
“There is a healthy pipeline of companies that will come to market eventually, but the timing is less clear,” he tells Bloomberg.