Nordnet Bank AB
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Nordnet Bank AB - overview
Established
1996
Location
Stockholm, -, Sweden
Primary Industry
Financial Services
About
Established in 1996 and based in Stockholm, Sweden, Nordnet Bank AB operates as a provider of online banking and investment services. In January 2017, Ohman Group and Nordic Capital privatized the company by acquiring all its outstanding shares for SEK 6. 65 billion at SEK 38 per share. As of 2019, the company employs around 497 employees and its CEO is Lars-Åke Norling.
In 2020, Nordnet relisted on the Nasdaq Stockholm, with the Öhman group holding 21. 64% of its total shares Nordnet Bank offers saving and investment services such as pension savings, mortgage loans, and also operate a trading platform called Nordnet, which is used by its customers to invest, sell, trade-in stocks, mutual funds, and other securities. The company provides its services through four divisions: Savings and Investments, Loans, and Pensions. Nordnet Bank’s trading platform is also available as a mobile application in both iOS and android through which users can easily access the company's services including the stock market insights and news related to the initial public offerings and share prices of other companies.
The company has four types of brokerage packages for its clients called mini, small, between, and fixed that range from 0. 25% of brokerage percentage with a minimum fee of 1 SEK to 0. 069% with a minimum fee of 69 SEK. The fixed package is a special package that only charges a constant amount of 99 SEK without any additional brokerage and is mostly used by users who want to buy/sell shares for more than SEK 143,478 per order.
In 2019, the company generated a revenue of SEK 1. 57 billion with operating revenue of SEK 377. 42 million.
Current Investors
Nordic Capital, The Ohman Group
Primary Industry
Financial Services
Sub Industries
Investment Banking, e-Financial, Commercial Banks, Brokerages, Accounting Services
Website
www.nordnet.se
Verticals
FinTech, FinTech, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Nordnet Bank AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Placement/Follow on | Completed | Nordnet Bank AB | - | ||||||||
| IPO | Completed | Nordnet Bank AB | - | ||||||||
| Public to Private | Completed | Nordnet Bank AB | - |
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