First day of trading in John Mattson shares on Nasdaq Stockholm

John Mattson Fastighetsföretagen AB (publ) (“John Mattson” or the “Company”), Lidingö’s largest residential property owner with some 2,200 apartments, today announces the outcome of the Initial Public Offering of existing shares in the Company (the “Offering”) and the listing of the shares on Nasdaq Stockholm. The Offering attracted very strong interest from both Swedish and international institutions as well as the general public in Sweden.


Press release dated 5 June 2019

Summary of the Offering

  • The issue price per share in the Offering was, as previously announced, SEK 90, corresponding to a total value of SEK 3,030 million for the total number of shares outstanding in John Mattson.
  • The Offering consisted of 14,500,000 shares offered by AB Borudan Ett (the “Principal Shareholder”).
  • The Principal Shareholder has provided an overallotment option to the Joint Global Coordinators, whereby the Principal Shareholder undertakes to sell a maximum of 2,175,000 additional shares in the Company (the “Overallotment Option”), corresponding to a maximum of 15.0% of the number of shares in the Offering.
  • Assuming the Overallotment Option is exercised in full, the value of the Offering will amount to SEK 1,501 million, corresponding to 49.5% of the total number of shares outstanding in the Company.
  • The First AP fund, Länsförsäkringar Fonder, Carnegie Fonder, Prior & Nilsson, Fidelity Management & Research and Tagehus Holding AB (jointly referred to as the “Cornerstone Investors”) have acquired shares in the Offering for a total amount of SEK 910 million, corresponding to a total of 30.0% of the total number of shares outstanding in the Company on completion of the Offering.
  • Trading in the John Mattson shares on Nasdaq Stockholm commences today 5 June 2019 under the symbol (ticker) “JOMA” and settlement will take place on 10 June 2019.

Siv Malmgren, CEO of John Mattson, comments: 

- We are delighted by the interest shown by the general public and institutional investors in the John Mattson company, and we look forward to continuing, now as a listed company, with our long-term endeavour of creating great neighbourhoods across generations.

Anders Nylander, Chairman of the Board of John Mattson, comments: 

- The company’s listing is a major event for John Mattson. I am convinced that it will provide the company with even better conditions for its continued positive development. The substantial interest in subscribing for shares shows widespread support for this outlook. 


Carnegie Investment Bank AB (publ) and Svenska Handelsbanken AB (publ) are the Joint Global Coordinators and Joint Bookrunners in connection with the Offering. Gernandt & Danielsson Advokatbyrå KB is the legal advisor to the Company and to the Principal Shareholder.

For further information, please contact: 

Siv Malmgren, Chief Executive Officer
Tel: +46 705 39 35 07
E-mail: [email protected]

Erik Kronqvist, Head of Investor Relations
Tel: +46 706 97 22 22
E-mail: [email protected]

This information was submitted for publication at 08:00 a.m. (CEST) on 5 June 2019.

About John Mattson 

John Mattson is Lidingö’s largest residential property owner with some 2,200 rental apartments. As of 31 March 2019, the market value of John Mattson’s property portfolio was slightly more than SEK 6 billion. The property portfolio is located in southern Lidingö in the areas of Larsberg, Käppala, Baggeby and Dalénum. The apartments are of varying size, with different equipment standards and rent levels.

The focus of the Company’s strategy is on property management, refinement, densification and acquisitions, including the acquisition of development rights and participation in competitions for land allocation projects. The management of the Company’s properties is characterised by an overall perspective and close customer relationships. In practical terms, this entails maintenance of properties with a long-term approach based on a lifecycle perspective and a building- and tenant-centric focus.

About AB Borudan Ett 

AB Borudan Ett is a family owned company focused on asset management. Kerstin Skarne, daughter of John Mattson, owns 100% of AB Borudan Ett. 

Important information 

This announcement does not contain or constitute an invitation or an offer to acquire, sell, subscribe for or otherwise trade in shares or other securities in John Mattson. 

Copies of this announcement are not being made and may not be distributed or sent into the United States of America, Australia, Canada, Japan or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. 

In any member state within the European Economic Area (“EEA”), other than Sweden, that has implemented Directive 2003/71/EC as amended (together with any applicable implementing measures in any member State, the “Prospectus Directive”), this release is only addressed to and is only directed to investors in EEA member states who fulfil the criteria for exemption from the obligation to publish a prospectus, including qualified investors, within the meaning of the Prospectus Directive as implemented in each such EEA member state. 

This announcement and the information contained herein are not for distribution in or into the United States. No shares or other securities in the Company have been or will be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or with any other securities regulatory authority of any state or other jurisdiction of the United States and no shares or other securities in the Company may be offered, sold, resold, transferred, delivered or distributed, directly or indirectly, into or within the United States. There will be no public offering of the shares or other securities in the Company in the United States. Furthermore, there are no plans to register shares or other securities in the Company, or to conduct an offering of such shares or securities, in the United States. 

The securities described herein have also not been and will not be registered under the applicable securities laws of Australia, Canada or Japan and, subject to certain exemptions, may not be offered or sold in or into or for the account or benefit of any person having a registered address in, or located or resident in Australia, Canada or Japan. There will be no public offering of the securities described herein in Australia, Canada or Japan. 

This announcement, together with other material pertaining to the securities described herein, is only distributed to and directed to (i) persons who are outside the United Kingdom; or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (iii) high net worth companies, and other persons to whom this press release may be lawfully communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “relevant persons”). The securities described herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire the securities described herein will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on information contained herein. 

A prospectus prepared in accordance with the Prospectus Directive has been published and is available at John Mattson’s website, Carnegie’s website for on-going offerings, Handelsbanken’s website and Nordnet’s website.

Forward-looking statements 

This release may contain forward-looking statements. Such statements include all statements that are not historical facts and may be identified by expressions such as “believe”, “expect”, “anticipate”, “intend”, “can”, “plan”, “estimate”, “will”, “should”, “should be able to”, “strive” and “may” as well as by negations of the aforementioned expressions. The forward-looking statements in this release are based upon various estimates and assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these forward-looking statements are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors, which are difficult or impossible to predict and are beyond the Company’s control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this release are free from errors, nor does the Company accept any responsibility for the future accuracy of the opinions expressed herein or any obligation to update or revise the statements in this release to reflect subsequent events or developments. Undue reliance should not be placed on the forward-looking statements in this release. 

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm or to release publicly any revisions to any forward‐looking statements to reflect events that occur or circumstances that arise in relation to the content of this release. 

Information to distributors 

For the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended (“MiFID II”); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) Chapter 5 of the Swedish Financial Supervisory Authority’s regulations regarding investment services and activities, FFFS 2017:2, (together the “MiFID II Product Governance Requirements”), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any “manufacturer” (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the shares in the Company have been subject to a product approval process, where the target market for shares in the Company are: (i) retail investors and (ii) investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II (the “target market”). Irrespective of the target market assessment, distributors should note that: the price of the shares in the Company may decline and investors could lose all or part of their investment; the Company’s shares offer no guaranteed income and no capital protection; and an investment in the Company’s shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The target market assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Offering. 

The target market assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, purchase, or take any other action whatsoever with respect to the shares in the Company. 

Each distributor is responsible for undertaking its own target market assessment in respect of the shares in the Company and determining appropriate distribution channels.  

Mari Edberg
Head of Communications
08- 613 35 04