Anders Oscarsson, Chairman of the real estate firm Klövern, observes a marked cooling in the IPO climate and suggests that the company's own listing may now be at least a year away.
Speaking to Di TV, he noted that while he previously anticipated perhaps 7-8 listings before the summer, he no longer considers this likely.
"If we see even one, I think we should be pleased. It is mostly small-cap companies seeking to go public, and they are not particularly in favor right now," he stated.
According to Oscarsson, the IPO market has been dampened by geopolitical tensions, which he believes could trigger profit warnings in the coming weeks.
Regarding Klövern, he intends for the company to increase its apartment production prior to the listing in order to bolster investor interest.
Klövern was previously listed until 2021, when it was taken private by Corem. Corem subsequently reduced its stake in 2023 and now holds an 8 percent interest in Klövern. Urban Partners, formerly Nrep, is currently the largest shareholder with a 76 percent stake. The second-largest shareholder is Joakim Alm, holding 14 percent of the shares.
Corem Property Group AB is a Sweden-based company engaged in the acquisition, management, development and renewal of industrial, storage, logistical and commercial real estate in Sweden and Denmark. The Company’s property portfolio comprises properties primarily located in the south of Sweden, in regions such as Rosersberg and Arninge in Stockholm, Oresund, Vast, Smaland and Malardalen/Norr, as well as in Copenhagen, Denmark. The Company operates Corem AB as a wholy owned subsidiary.
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