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Capital Markets / 30 Nov 2018

Borenius advised Oma Savings Bank Plc on its Nasdaq Helsinki IPO

We advised Oma Savings Bank Plc (“OmaSp”) on its initial public offering (“IPO”) on Nasdaq Helsinki. The IPO consisted of a share issue with a total value of EUR 36.2 million (including the over-allotment option by the largest shareholder). Trading on the company’s shares began on 30 November 2018 on the Prelist and will begin on the Nasdaq Helsinki official list on 4 December 2018.

OmaSp is a growing Finnish bank and the largest savings bank in Finland based on total assets. Over 270 professionals provide nationwide services through OmaSp’s 40 branch offices and digital service channels to approximately 135,000 customers.

OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. These intermediated products include credit, investment and loan insurance products. OmaSp also engages in mortgage banking operations.

OmaSp’s market capitalisation is approximately EUR 207 million immediately after the IPO.

Danske Bank A/S, Finland Branch acted as the Global Coordinator and Bookrunner in the IPO and Carnegie Investment Bank AB, Finland Branch as the Bookrunner. Nordnet Bank AB Finnish Branch and OmaSp’s branch offices also served as subscription places for the retail offering.

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