Prisma Properties AB (Ticker: PRISMA SS) is a Swedish real estate company that develops and manages modern retail assets, focusing on properties intended for discount and grocery stores, as well as fast-food restaurants in strategic locations. Prisma Properties will list on June 18, 2024, in Stockholm. The firm is offering 45.5 million new shares at SKr27.50 each, raising SKr1.25 billion ($148 million). Alma Property Partners is selling 11.45 million shares for SKr315 million, with a free float of 34.6%. The IPO values Prisma Properties at SKr4.52 billion ($426 million), a 5% discount to net asset value (NAV). Primary proceeds will fund development and property investments, with a 15% secondary greenshoe option available. The offering is managed by ABG Sundal Collier ASA, Kepler Cheuvreux, Nordea, and Nordea Capital Markets. Key investors include Capital World Investors, Clearance Capital, Lansforsakringar Fondforvaltning, and Odin Forvaltning.
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