The other publicly traded Swedish PE firm is Ratos whose stock has been in a persistent decline since 2011. 131 to 25 SEK.
From PitchBook:
Blockbuster EQT debut bucks lackluster PE IPO trend
In an impressive public market debut, Swedish private equity firm EQT saw its shares gain more than 30% in its first day of trading on Nasdaq Stockholm. Its share price jumped from 67 Swedish kronor (around $6.93) to 90 Swedish kronor by the end of the day.....MORE
EQT's market cap, meanwhile, soared from 63.8 billion Swedish kronor to 85.7 billion Swedish kronor. The offering, which was more than 10 times oversubscribed and priced at the top end of the indicative range, is one of the largest involving a private equity firm in years.
Not only is EQT's IPO one of the strongest European debuts this year, but it has also broken something of a curse afflicting PE firms going public. Back in 2012, both Oaktree Capital Management and The Carlyle Group had lackluster IPOs, while Apollo Global Management CEO Leon Black reportedly said at the Bloomberg Invest Conference in June that he regretted taking his company public back in 2011. EQT's listing also dwarfs that of another European PE firm that listed recently, Tikehau Capital, which achieved a market cap of €1.5 billion (around $1.65 billion) in 2017....
You see why the headline has the qualifiers "Swedish" and IPO.
