IPO sentiment has cooled and several companies are postponing their listing plans. But the waiting time need not be wasted – here's how to prepare your company to be ready when the window opens.
Di recently described how the mood around IPOs has cooled. The reasons are concern about interest rates, geopolitical tensions and several recently listed companies performing worse than expected. MTG has stopped the listing of Playsimple, Eleda has cancelled its plans and Ernströmgruppen is waiting.
“Right now it's wait and see”, says Andreas Dalhäll, head of listings at EY, to the newspaper. He adds that it can turn quickly – and that most of his clients are aiming for 2027.
Gustaf Eisen at SB1 Markets says it fundamentally comes down to price: “To a large extent, valuation questions are what prove decisive.” He also points out that smaller companies are having the hardest time right now – and that is where most listings happen.
That raises an important question: how do you use the waiting time? A company that wants to reach the stock market in 2027 or later needs to work today like a company that is ready to list.
It must be correct, up to date and compliant with the Swedish Companies Act, with a full history of share issues, option programmes and ownership changes. It is among the first things an adviser looks at in a due diligence.
Informing shareholders in a structured and regular way builds trust – and that trust matters a great deal when it is time to set a price.
Notices, minutes and decisions should be collected, signed and easy to find.
When investors are selective – ABG's head of investment banking Erik Skog describes the market as “selectively open” – order and transparency become a competitive advantage. Companies that have their documentation ready can also act immediately when a window opens.
That is what we at eAktiebok help unlisted companies with: a digital share register, shareholder communication and a boardroom in one place – and you can start for free. Use the wait to prepare. Create your share register here or book a demo.