Specialist mortgage bank Enity climbed sharply in its debut on Nasdaq Stockholm on Friday.
Interest in subscribing for shares was very high and the offering was oversubscribed more than ten times. The company gained more than 25,000 shareholders. The share is traded under the ticker symbol ENITY on the Midcap segment.

Enity is known in Sweden for its Bluestep brand. In Norway, the brand is Bank 2. Pensioners are offered loans under the 60-plusbanken brand. Enity works with mortgages for people who, for various reasons, have difficulty obtaining loans.

The subscription price was SEK 57 per share, corresponding to a market value for all shares in Enity of SEK 2.85 billion.

The offer consists of 25.5 million existing shares and an over-allotment option for an additional 3.825 million shares, for a total of up to 29.325 million shares. This corresponds to 58.7 percent of the shares in Enity. The shares are being sold by Butterfly Holdco, which is indirectly controlled by EQT VII. Enity will not receive any proceeds from the sale of shares in the offering.

Anchor investors Tredje AP-fonden, Harry Klagsbrun via Harmar, Jofam, and Handelsbanken Fonder acquired shares in the offering for a total amount of SEK 625 million.

So far today, the share has been traded at a high of SEK 75 and a low of SEK 69.01. At 9:10 a.m., the last price paid was SEK 71.87, which is an increase of 26 percent compared to the subscription price of SEK 57 per share. Shares worth SEK 55 million have changed hands so far today. The company has 50 million shares outstanding and a market capitalization of SEK 3.6 billion based on the latest share price.