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20 Nov 2020 – Articles

Danske Bank ranks high on IPO and share emissions


Companies have had high demand for capital in the first nine months of the year, and investors have been eager to provide it. Capital transactions have kept Danske Bank busier than usual as increasing numbers of Nordic business choose the bank for share emissions or initial public offerings.

During the first nine months of the year, Danske Bank has supported Nordic businesses with equity transactions of around DKK 12.5 billion, the largest share of any Nordic bank save Carnegie, who has historically dominated this market together with Nordea and SEB. 

A ranking from the research company Dealogic, puts Danske firmly ahead of most other Nordic competitors, in a leap from previous years.  
"We have been market leading in Denmark for many years but our leading position in the Nordics is new”, says head of Danske Bank’s Equity Capital Market Department, Jens Plenov. 

Equity market transactions cover initial public offerings and share emissions among other things, and Danske Bank has supported several tech- and healthcare companies to raise capital for acquisitions and growth initiatives. 


Capital transactions, Nordics - first nine months 2020, EURm


Busy year
A recent example has been Danske Banks support to help the insurance company Tryg raise capital for a cash offer for UK-based insurance company, RSA, which will involve share rights. Danske Bank has also been assigned to prepare the initial public offering of HusCompagniet and Bootz, and it has supported SAS and NKT with share rights issuance. 

”This is an area that we have focussed on and invested in for almost ten years, and where we are now beginning to reap the benefits. Simultaneously, we have a market with very high activity. Most people probably expected 2020 to be a lost year but rather, it has been the busiest since the financial crisis”, says Jens Plenov. 

He says that structurally low rates have made investors more willing to offer capital, while many business have had a demand for capital either to cushion itself against corona related uncertainty or to finance acquistions. 

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