Fact sheet for US issuers considering an IPO in Sweden | Insight
Fact sheet for US issuers considering an IPO in Sweden
It is now possible to make a primary listing of American legal entities on Nasdaq’s Swedish markets. Against the background of recent developments, this fact sheet, prepared by Baker McKenzie and Nasdaq, addresses the most important aspects for US issuers considering a stock exchange listing on Nasdaq in Sweden. In a short format, the factsheet provides guidance on the basic requirements as well as important issues including:
- Corporate governance
- Legal and fiscal due diligence
- General requirements for publication and reporting
- Liquidation aspects
- Recent rule changes to allow US issuers to list
Given the demand for US issuers exploring an IPO in Sweden, Baker McKenzie has helped Nasdaq create and implement new rules and processes for Nasdaq Nordic and its members to enable US issuers to list in Sweden in a manner that remains compliant with US securities laws. The rules became effective on June 1, 2022. In particular, the amendments permit non-U.S. offers and sales of shares pursuant to Category 3 of Regulation S, while relying on the private placement exemption for appropriate offers and sales to qualified institutional buyers in the United States the states. Based on Baker McKenzie’s unique knowledge of the new rules for US issuers and with IPO expertise in both Sweden and the US, Baker McKenzie is particularly suited and happy to assist US issuers considering a listing in Sweden.