Duo of Nordic IPOs Surge Above Offer Prices in Early Trading

Two initial public offerings in the Nordics traded substantially above their offer prices on Friday, cementing a trend of strong debuts in the region.

Shares in specialist mortgage lender Enity Holding AB jumped as much as 32% in early trading after raising about 1.45 billion krona ($150 million) in Stockholm. Ratos AB’s Nordic construction unit Sentia AS also traded strongly with shares opening 14% higher than its IPO price in Oslo.