Stockholm has become Europe’s top IPO hub in 2025 after raising $6.8B

Stockholm has become an IPO hub in Europe after raising $6.8B in first-time offerings this ￰0￱ Swedish capital has now surpassed dominant markets like London, Frankfurt and Zurich and positioned itself as a major destination for IPOs. Globally, Stockholm now ranks fifth behind only the United States, China, Hong Kong, and ￰1￱ Stockholm is experiencing a surge in IPO activity, London’s market is ￰2￱ exchanges have seen fundraising activity decline by nearly 70% and the UK has fallen out of the global top 20 IPO ￰3￱ has become a popular destination for IPOs in Europe Stockholm has emerged as Europe’s hottest destination for initial public offerings (IPOs) in 2025, overtaking larger and traditionally more dominant markets like London , Frankfurt, and ￰4￱ Swedish capital is on track to raise $6.8B in first-time offerings this year, surpassing other European exchanges, according to Bloomberg ￰5￱ have begun to migrate to New York or stay private for longer, but Stockholm has positioned itself as the go-to venue for small and mid-sized firms backed by eager domestic ￰6￱ highlight of Sweden’s strong run is the upcoming €3.1B IPO of Verisure Plc, a security firm whose flotation will be Europe’s largest since Porsche AG in ￰7￱ to that, there was the success of Noba Bank Group AB, which raised 7.6B Swedish kronor ($808 million) earlier this year and saw shares surge 30% in its trading debut.

Sweden’s IPO boom Several factors have converged in 2025 to make Stockholm an IPO ￰8￱ say that macroeconomic stability, investor appetite, and a wave of IPO-ready companies contributed to its growth. “The stars have aligned this year,” Henric Roth, a partner at law firm Baker McKenzie said, describing the shift as a “trend-shifter” for Swedish ￰9￱ many parts of Europe, Sweden benefits from a cultural openness to equity ￰10￱ households invest over half of their savings in stocks, more than double the euro area average, according to the European Savings Institute. Sweden’s market also boasts of active fund managers, family offices, and pension funds with a strong appetite for small and mid-cap ￰11￱ 69% of Swedish fund assets are tied up in equity funds, the highest proportion in ￰12￱ local capital base creates fertile ground for growth-focused companies, particularly in the Nordic region, to raise money without needing to cross the Atlantic.

“When the company is so small, we prefer that they can show organic growth and that the business works in Sweden, but they can also take it abroad,” Christian Brunlid of Handelsbanken Fonder, an important investor in Noba Bank’s IPO, explained. However, Stockholm still faces structural challenges despite its impressive IPO ￰13￱ a total market capitalization of about $1T, Sweden cannot compete with the sheer scale of the $70T ￰14￱ limitation has already cost Stockholm several homegrown success ￰15￱ such as Spotify, Klarna , and Oatly opted for U. S. listings, benefiting from the higher capital and increased global ￰16￱ companies have struggled after listing their IPOs in Stockholm, dampening ￰17￱ developer Hacksaw AB and private equity firm Roko AB have seen their shares decline, while high-end camera maker Qualisys Holding AB is down 25% since ￰18￱ are other companies whose stories are not as underwhelming, such as Enity Holding AB, whose shares have soared 50% since its June ￰19￱ seen where it ￰20￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.