Sentia Announces IPO Details With Shares to Trade by June 2025
Deal News | Jun 02, 2025 | Ratos
Sentia ASA, a Nordic construction group, has disclosed the terms for its initial public offering (IPO) and subsequent listing on the Euronext Oslo Stock Exchange. The fixed share price stands at NOK 50, valuing Sentia's equity at approximately NOK 5.0 billion. With the prospectus sanctioned by Norway's Financial Supervisory Authority, Sentia's shares are tentatively scheduled to commence trading on June 13, 2025. The offering encompasses a secondary offering of up to 31,918,755 shares. Post-IPO, Ratos' ownership in Sentia will decrease to a maximum of 39.8%, assuming full exercise of the over-allotment option. The bookbuilding for institutional investors runs from June 3 to June 11, 2025, with trading slated to begin shortly after the listing approval. Sentia operates mainly in Norway and Sweden, producing enduring revenues with a client-centric collaborative model. Advisors for the IPO include ABG Sundal Collier, DNB Carnegie, and SEB, while legal council emanates from Advokatfirmaet Schjdt and Advokatfirmaet Thommessen.
Sectors
- Construction
- Financial Services
Geography
- Norway – Sentia's IPO is set to take place on the Euronext Oslo Stock Exchange, and the company has significant operations in Norway.
- Sweden – Sentia is part of Ratos, a Swedish group, and has operational ties in Sweden through subsidiaries like Vestia and SSEA.
Industry
- Construction – Sentia operates as a construction group, focusing on large, complex projects such as commercial buildings and hospitals in Norway and Sweden.
- Financial Services – The article discusses Sentia's IPO, a significant financial transaction involving banks and financial advisors.
Financials
- NOK 5.0 billion – The approximate equity value of Sentia established for the IPO.
- NOK 50.00 per share – Fixed price per share for Sentia's IPO.
- 31,918,755 shares – Total shares offered in the secondary offering component of the IPO (includes over-allotment option).
- 39.8% – Maximum post-IPO ownership percentage by Ratos in Sentia.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sentia ASA | Target Company | Company | A Nordic construction group involved in an IPO, trading to begin on the Euronext Oslo Stock Exchange. |
| Ratos | Selling Company (Vendor) | Company | A Swedish business group owning significant equity in Sentia, which will be reduced post-IPO. |
| ABG Sundal Collier ASA | Joint Global Coordinator and Joint Bookrunner | Company | Provides financial advisory services for Sentia's IPO. |
| DNB Carnegie | Joint Global Coordinator and Joint Bookrunner | Company | Part of DNB Bank ASA, involved in handling Sentia's IPO. |
| Skandinaviska Enskilda Banken AB (SEB) | Joint Bookrunner | Company | Involved in the bookrunning process for Sentia's IPO. |
| Advokatfirmaet Schjdt | Legal Advisor | Company | Provided legal advice for Sentia and Ratos concerning Swedish and Norwegian law. |
| Advokatfirmaet Thommessen | Legal Advisor | Company | Legal advisors to the IPO's Managers (financial advisors). |
| Financial Supervisory Authority of Norway | Regulatory Body | Government | Approved the prospectus for Sentia's IPO. |