Swedish bank Resurs aims for market listing in Q2

April 6, 2016 6:59 AM

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STOCKHOLM, April 6 Swedish banking group Resurs Holding intends to float its shares on the Stockholm bourse in the second quarter of this year, with a likely market valuation of up to 12 billion crowns ($1.5 billion), it said on Wednesday.

Resurs is set to become the biggest company to list in Stockholm so far this year. In the wake of volatile equity markets, there have been just two initial public offerings (IPOs) on the main list of the bourse, compared with four in the same period last year.

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