The regional head of Deutsche Bank AG anticipates a recovery in the Nordic IPO market before the end of the first half of 2023.
The significant decline in share prices and the doom surrounding the regional tech start-up sector, according to Jan Olsson, who is in charge of Norway, Denmark, Finland, Iceland, and Sweden, won’t have a long-term detrimental effect on fundraising possibilities.
The market will get used to the new rates
The Nordic region is a very active market for startups, and the current state of the market will not halt this growth. While some businesses have had to reduce their valuation to find fresh capital, they are still very valuable and substantial enterprises, according to Olsson.
He predicts that businesses will adapt to increased rates and that investors will stabilize the market.
In the long run, they’re fantastic firms with solid cash flow, good sales, and great products. Right now, it’s major news. The ratings will once more increase as they continue to grow, according to Olsson.