STOCKHOLM (Reuters) -Digital banking group NOBA’s initial public offering on the Stockholm bourse is multiple times covered, a bookrunner said on Monday, the latest indication that investors are warming to European listings after a barren period on the continent.

NOBA on Friday said it had set the price of its planned IPO at 70 crowns per share, valuing the firm at 35 billion crowns ($3.72 billion), and that it expects trading in its shares to start on September 26.

It is the second major Swedish financial services group to opt to go public this year, with buy now, pay later lender Klarna making its New York debut earlier this month.

The NOBA Group is controlled by private equity firm Nordic Capital’s funds and Finnish insurer Sampo Oyj, according to information on its website.

NOBA op

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