The listing of serial acquirer Eleda was expected to become one of the year’s main events on the Stockholm Stock Exchange. Now majority owner Bain Capital has formally pulled the emergency brake and halted the process, according to several sources cited by Dagens industri.
The announcement comes after several planned IPOs in the US were halted or postponed. Rising US bond yields and concerns surrounding AI investments have been identified as two reasons.
Eleda was estimated to be valued at between SEK 25 billion and SEK 30 billion, and the listing has been viewed as perhaps the largest on the Stockholm Stock Exchange in 2026.
According to the plans now halted, Eleda was due to publish a so-called “intention to float” this week, a formal announcement of the company’s intention to list. No such announcement has been issued.
Eleda is a Nordic provider of infrastructure solutions in electricity distribution, technology, water and transport. Last year, Eleda had revenue of SEK 23.1 billion and reported operating profit of SEK 1.5 billion.
