Milbank Advises the Underwriters in Connection with the Initial Public Offering and Nasdaq Stockholm Listing of NOBA Bank Group AB (publ)

Milbank LLP advised the underwriters in connection with the Initial Public Offering and Nasdaq Stockholm Listing of NOBA Bank Group AB (publ). The offering, which closed on September 30, 2025, priced at SEK 70 per share, resulting in a total proceeds of SEK 8.75 billion and corresponding to a total market value for NOBA of approximately SEK 35 billion. 

Having been founded over two decades ago, NOBA has grown into the leading specialist bank in the Nordic region and one of the leading specialist banks in Europe, serving over two million customers through its three brands Nordax Bank, Bank Norwegian and Svensk Hypotekspension. NOBA's mission is to enable financial health and inclusion for more people through disciplined underwriting and a specialized and focused customer offering.

The Milbank team was led by Capital Markets partner David Dixter and included Antonio Teodorescu, Russell Feinman and Harshil Bansal, as well as Tax partner Andrew Walker and associate Michael Rivkin.