Today’s debut of real estate marketplace business Hemnet Group on the Swedish stock market, the Nasdaq Nordic, was a clear success.
The original listing share price was criticized domestically, with several analysts believing the owners had priced it too high. However, with only 20% of the company’s shares made available on the market, investors rushed to buy the stocks — by end of Monday’s trading, all the shares were sold.
Moreover, the shares gained 47% over the original share price, marking a successful listing debut for the Sweden-based property vertical.
Fore more information on the listing, see our original reporting here.