Baker McKenzie’s Stockholm office sits at the forefront of the equity capital markets space in Sweden, with the team regularly handling IPOs, including on Nasdaq Stockholm and Nasdaq First North Growth Market, as well as rights issuances, ABBs, and public takeovers. The group is regularly instructed by domestic and international investment banks as underwriters’ counsel and is also noted for its life sciences expertise; acting for several banks in relation to Cinclus Pharma’s main market mid-segment IPO is a recent highlight for the team. Practice head Joakim Falkner has considerable experience representing late-stage private and publicly traded companies, investment banks, investors, shareholders, and sponsors on pre-IPO transactions, IPOs, primary share issuances, and preferential rights offerings. Henric Roth is active in the tech and life sciences spaces. Stefan Balazs and senior associate Johanna Flink are also key contacts.

Bird & Bird’s capital markets practice is particularly active in the tech, energy, and mining sectors. Practice head Ola Lidström specialises in matters concerning capital markets regulations, rights issuances, underwritings, and buyback programs. He is supported by associate Johanna Sternudd, who has experience handling IPOs, rights issuances, public takeovers, and share and share-related incentive programmes.

Advokatfirman Cederquist KB has broad debt and equity capital markets expertise, with the practice particularly active in the real estate and financial regulatory spaces. On the equity side, the group is noted for handling IPOs and private placements, with the team’s representation of investment company Karnell Group in connection with its IPO on Nasdaq Stockholm a recent highlight. The DCM team’s varied experience covers high-yield bond financings and corporate bonds. ECM practice head Fredrik Lundén regularly assists issuers and underwriters with large and mid-cap IPOs as well as rights issuances, private placements, and ABBs. DCM practice head Per Henriksson has a strong track record advising on complex matters such as security-backed preferential share issuances, and Wilhelm Lüning is also a key contact. Johan Lundberg left the firm to found RE:FI STHLM.

Cirio Advokatbyrå AB’s capital markets practice is active on both the main and growth markets, with the team particularly strong in the life sciences and real estate sectors. Practice head Annika Andersson has considerable experience handling IPOs, capital raisings, spin-offs, and public M&A, among other matters; she advises clients in the life sciences, real estate, energy, and financial services sectors. Maria Arnoldsson’s ECM practice covers rights issuances and public takeovers. Carl Axel Morvay plays a key role in the firm’s DCM offering.

Advokatfirman Delphi’s equity capital markets team has an established reputation in the small and mid-cap segments, advising domestic and international companies on IPOs, pre-IPO transactions, rights issuances, and ADS offerings, among other matters. Practice head Andreas Wirén represents both issuers and underwriters on IPOs, rights issuances, and private placements, while Mats Dahlberg’s varied practice includes public mergers and takeovers. Sandra Broneus’ considerable capital markets expertise includes handling market abuse regulation matters.

DLA Piper Sweden’s capital markets team in Stockholm regularly advises issuers, selling shareholders, underwriters, and sponsors on a broad range of domestic and international equity capital markets transactions. Peder Grandinson, who was elevated to practice head in June 2024, has considerable experience advising both issuers and underwriters on IPOs, public M&A, equity offerings, and capital restructurings. Richard Folke’s varied practice covers IPOs, share and bond issuances, and public takeovers. Emma Norburg is noted for her experience in public takeovers, IPOs, and share issuances. Anna Berntorp is also a key contact.

Eversheds Sutherland’s equity capital markets practice in Stockholm remains at the forefront of the small and mid-cap growth segments in Sweden, with the team regularly handling IPOs and rights issuances on Nasdaq First North Growth Market and Spotlight Stock Market, as well as ABBs, takeovers, and reverse-takeovers. Practice head Johan Engström advises Swedish and international growth companies in the tech, gaming, financial services, life sciences, and crypto spaces. Mark Falkner, promoted to partner in January 2024, handles IPOs, rights issuances, ABBs, and incentive programs as well as corporate governance and compliance matters. Senior associate Kevin Holmkvist is also a key contact.

Gernandt & Danielsson Advokatbyrå’s capital markets team has a strong track record handling both debt and equity transactions, including IPOs, ABBs, and private placements on the ECM side, and green and corporate bond issuances on the debt side. Recent highlights for the group include advising discount retailer Rusta AB in connection with its IPO on Nasdaq Stockholm. Carl Westerberg has considerable experience in IPOs and ABBs, while Fredrik Palm has recently advised on recapitalisations and convertible bond issuances. The two partners leads the practice alongside DCM expert Mikael Borg, noted particularly for his experience in high yield bonds. Björn Svensson is well versed in MTN programmes and AT1/T2 capital issues. Manfred Löfvenhaft and Caroline Jägenstedt Wikman are key lawyers on the ECM side, and Mikael Bolling and Sofie Viktorsson also contribute to the practice.

Advokatfirman Lindahl KB’s equity capital markets practice, which has a client base that includes companies listed on Nasdaq Stockholm and Nasdaq First North Growth Market, handles a broad range of transactions, such as rights issuances, directed share issuances, ABBs, and mandatory public offers. Practice head Dennis Westermark has experience handling IPOs, capital raisings, and takeovers, among other matters. Managing partner of the Stockholm office Monica Lagercrantz advises on both transactional and regulatory issues, while Mårten Steen, managing partner in Uppsala, has experience covering IPOs and share issuances. Victoria Skoglund is also a key contact.

Linklaters’ capital markets team in Stockholm focuses on high-value international mandates on both the debt and equity side; recent highlights for the group include advising Morgan Stanley and Carnegie in connection with the recapitalisation of Viaplay Group by way of a secured rights issuance and private placement. Charlotte Levin has considerable experience in the ECM space representing corporates, private equity funds, shareholders, and underwriting banks. Nima Naderi is noted for his experience advising underwriters on cross-border IPOs and rights issuances, while Sophia Astberg-Pettauer has broad ECM experience on both the issuer and underwriter sides.

Mannheimer Swartling’s capital markets practice is well versed in both debt and equity transactions, with the team standing out particularly for its share of the Nasdaq Stockholm’s large-cap segment as well as for its expertise in private equity-backed ECM mandates. Patrik Marcelius leads the public M&A and ECM team, while Thomas Pettersson leads on the debt side. DCM specialist Daniel Karlsson advises on high yield and investment grade bonds as well as sustainable capital markets products, while Emil Boström is regularly instructed by private equity clients on ECM matters, and Gustav Glimblad is especially active in the investment grade and high yield space. Promoted to partner in January 2024, Victor Karlsson’s experience includes advising the issuers and main shareholders on landmark IPOs.

MAQS Advokatbyrå’s capital markets practice in Gothenburg has broad competence on the ECM side, advising on IPOs, rights issuances, ABBs, and changes to listing venues, among other matters. Practice head Eric Ehrencrona has considerable experience covering directed issues, rights issues, and IPOs. At the associate level, Anna Björk Larson and Fredrik Brusberg are key contacts.

Roschier’s capital markets team has an excellent reputation for its work on both the debt and equity side; recent highlights for the practice include advising leading banking group SEB in connection with industrial technology group Karnell’s IPO on Nasdaq Stockholm. With considerable experience advising Swedish and international banks, private equity investors, and large corporates, Johan Häger heads up the DCM team. Pontus Enquist, who has expertise covering IPOs, rights issuances, and private investment in public equity (PIPE), leads on the ECM side. Christoffer Benninge’s varied ECM practice encompasses IPOs, PIPE, and public to private transactions. Ola Sandersson is also noted for her ECM work, while Niklas Eriksson is active on DCM mandates. Frida Lantoft left the firm to join Advokatfirman Schjødt in September 2024.

Advokatfirman Schjødt’s equity capital markets practice is active in the real estate, fintech, mining, and life sciences sectors, among others, with private equity sponsors, investment firms, and corporations all key clients for the groups. The team has recently advised on listings on Nasdaq First North Growth Market, rights issuances, directed share issuances, and venue changes, among other matters. Ylva Enquist leads the practice, while Emil Hedberg plays a key role.

Setterwalls’ capital markets group has a strong reputation for its issuer-side ECM expertise, which covers dual listings, share and rights issuances, and IPOs. Jörgen S. Axelsson has more than 25 years of experience handling domestic and international IPOs, public takeovers, and convertible bond issues. Marcus Nivinger advises on IPOs, rights issuances, public takeovers, and private placements on the main and growth markets; he is also noted for chairing shareholders’ meetings. Ola Grahn in Malmö is especially active on ECM transactions in the life sciences sector. Axel Helle, promoted to partner in January 2024, plays a leading role in team, advising on recapitalisations and directed share issues, among other matters.

Snellman’s capital markets offering covers both debt and equity transactions, including IPOs, public tender offers, share and bond issuances, and private placements, among other matters. Practice head Mattias Friberg has 25 years of experience handling Nordic and international capital markets transactions; his recent highlights include leading the firm’s representation of infrastructure and renewable energy contractor NYAB AB in connection with its re-domiciliation and transfer of listing from Finland to Sweden. Managing associate Khaled Talayhan is also a key figure in the team.

Synch Advokat AB‘s equity capital markets team is well known for its knowledge of the start-up and scale-up market and regularly advises green energy, healthcare, media, and tech companies, among others, listed on Nasdaq First North Growth Market. Practice head Mattias Anjou has over 20 years of experience advising on rights issuances, share issuances, and private placements. Firm co-founder Andreas Börjesson is also a key contact.

TM & Partners’ capital markets practice continues to gain traction in the Swedish growth segment, with the team advising both companies and banks on share listings, ABBs, rights issuances, and public takeovers, among other matters. Johan Wigh’s recent highlights include advising automated solutions company Neovici in connection with the listing of its shares on Nasdaq First North Growth Market. He leads the team alongside Jonas Hämälä, who has experience advising on IPOs, capital raisings, and public takeovers.

Advokatfirman Vinge’s capital markets team is highly regarded for its expertise in both debt and equity work, which covers sustainability-linked bonds and health impact bonds as well as rights/directed share issuances and secondary market offerings. Jesper Schönbeck, who has considerable experience handling landmark IPOs, directed share issuances, and listings, heads up the capital markets and public M&A team in Stockholm. Erik Sjöman has a strong track record in takeovers and equity offerings. With securitisation, MTN, and UMTN programme expertise, Mikael Ståhl leads the Stockholm DCM practice. Firm CEO and managing partner Louise Brorsson Salomon is noted for her varied DCM practice, and Albert Wållgren is also a key contact.

White & Case Advokat AB‘s capital markets team remains a firm of choice for international investment banks. ECM practice head Johan Thiman, whose varied practice sees him advise issuers, financial sponsors, and underwriters, is noted particularly for his work on major cross-border IPOs. Michael Bark-Jones, who has considerable experience advising arrangers, sponsors, and issuers on high-yield and investment-grade bond offerings on both the Nordic and international markets, leads on DCM matters. Former joint ECM practice head Rikard Stenberg left the firm in January 2025.