In an issuance or listing process, one of the most important factors is building trust — in addition to ensuring that everything runs smoothly and according to plan, of course. Insufficient control or potential risks can create heightened scrutiny among counterparties and clients, which may lead to costly consequences.
When Nordic Issuing manages an issuance process, we take responsibility for the work with Euroclear, investor dialogue, and in many cases also overall project management. It is complex work, but we have the tools and experience required to make it straightforward for our clients.
An important part of our offering is that we see KYC and AML as more than just regulatory requirements. We see them as an opportunity to create a safer process and a competitive advantage in collaboration with our clients. Instead of getting stuck in time-consuming manual checks, we have chosen to work with smart, automated solutions that make risk management fast, efficient, and reliable.
As a partner in this work, we have chosen Roaring, a company specializing in risk management within business processes. Their industry-leading tools enable us to perform faster and more precise checks. Through Roaring’s risk API and data services, we can carry out comprehensive controls directly within our workflows. This allows us to quickly identify hidden risks without delaying the process.
However, it is Nordic Issuing, as the issuing agent, that leads the overall process. With the support of Roaring’s toolbox — which, among other things, allows us to create templates tailored to the exact information needed in each case — we are able to conduct the necessary assessments and ensure that the right decisions are made at the right time. Roaring’s risk management services are an important part of our offering, alongside our collective experience and well-established working methods. Together, this creates a secure, efficient, and seamless issuance process.
We see how the market is evolving. Regulations are tightening, risk landscapes are becoming more complex, and the demand for traceability is increasing. That is why we have chosen to invest in solutions that not only meet today’s requirements, but also future-proof our processes — both for ourselves and for our clients.
Our objective is clear. We want our clients to experience the issuance process as simple, secure, and professional. We want them to feel confident that we manage everything from the first meeting to a successful completion. We deliver with full control, high efficiency, and modern risk management as a natural part of the process.
If you would like to learn more about how we conduct smooth share issues and work proactively with risk management, please contact us at info@nordic-issuing.se.
Conducting a share issue is an important step in many companies’ development and often a crucial piece of larger growth plans. But even for experienced teams, the process can involve more steps and controls, more coordination and administration, than one might initially expect. There are many moving parts. And to ensure that trust is maintained between all parties involved, everything needs to be done right from the start.
We participate in hundreds of share issues every year and know which working methods tend to run most smoothly — and where the most common pitfalls lie. That’s why we want to share five things we wish everyone knew before getting started. Small insights that can make a big difference, both for the timeline and the final outcome.
We know — there’s a lot to put in place before a share issue, and it’s easy to postpone certain steps. But the reality is that many companies contact us later in the process than is ideal. It’s not just a matter of stress, but of practical factors: Euroclear connections, resolutions, registrations, and deliveries all take time.
The earlier we are involved, the smoother everything becomes — not least for you. We’re happy to help set the right pace from the beginning, so you can avoid surprises along the way.
It may sound obvious, but this is often where the pace of the process is determined. When investor lists, amounts, resolutions, and documentation are correct from the outset, everything moves faster, more securely, and more smoothly.
The better prepared you are when we begin, the less time needs to be spent on double-checking, follow-ups, and adjustments. It’s not about perfection — it’s about having the right things in place at the right time. That allows us to focus our efforts where they create the most value.
A share issue is rarely a one-person job. Lawyers, IR departments, investors, banks, boards of directors, and Euroclear — the list of stakeholders is often longer than expected.
We are used to managing this complexity and know how to keep all the threads together, but it requires clear communication. The earlier we gain a full overview, the better we can help steer the process in the right direction — ensuring nothing falls through the cracks and no party feels overlooked.
Euroclear’s systems are not something you can simply Google your way through. You need to know exactly what is required — and when.
Registrations, checks, and deliveries must be completed in the correct order, in the correct format, and in the correct place. The details determine whether everything falls into place on time. We have the experience, we know the common challenges that may arise, and we know how to avoid them.
For most companies, a share issue is not a routine matter. But for us, it is — it’s part of our everyday work.
That means we not only understand the process, but also recognize the patterns, recurring mistakes, and opportunities that often arise. The difference lies in the details — and in experience. That’s why our clients choose us in business-critical situations where everything needs to be right from the start.
Need a sounding board or help getting started? We’re here for you, no matter where you are in the process. The earlier you contact us, the more we can help you streamline, simplify, and secure a successful share issue.
When I tell friends what I do, I often get the question: What exactly is a share issue?
The truth is that before I started here, I barely knew myself. Now I know that what I work with definitely isn’t about “just filling out paperwork,” but about being part of processes that determine how companies grow, raise capital, and reshape their ownership structure. These are business-critical details that have to be correct — every single time.
My name is Ebba Cederström, and I study economics while working part-time at Nordic Issuing as a Junior Associate. Join me for a workday that offers a behind-the-scenes look.
My day usually begins by logging in and reviewing ongoing share issues — for example, a rights issue where investors have subscribed for new shares. I check transaction flows, update systems, and ensure that the right individuals receive the correct number of shares.
Small things, you might think. But for our clients, an incorrectly registered subscription could mean that important funds don’t arrive on time, or that shares aren’t delivered as planned. What I do therefore affects both the company and its investors — directly. Every now and then, I’m struck by how much is actually at stake.
Throughout the workday, I sometimes have direct contact with investors — it might be someone wondering why they haven’t yet seen their shares in their account, or how a convertible instrument should be registered. Being able to respond clearly and confidently is an important part of the job.
Some investors have never participated in a share issue before. In those cases, it’s our job to guide them and explain the process.
As someone new to the industry, my workdays naturally also involve shadowing my senior colleagues — observing and learning. Since I’m still studying, it’s incredibly valuable to see theories and models from school translated into real business practice.
You might think that working 60% alongside full-time studies would be demanding, but being here at work actually makes my studies more efficient. The “aha” moments come closer together.
By the end of the workday, I may have helped deliver shares in a directed issue, had a dialogue with Euroclear, and answered a question from a concerned investor. What I do may not always be visible externally — but every detail truly matters to everyone involved.
Before the day ends, I like to plan for tomorrow and structure the work ahead. I may only be at the beginning of my career, but already being involved in company growth, changes in ownership structures, and investor relations to help raise new capital is incredibly stimulating work.
General Information About ISK and KF Accounts
All banks interpret the legislation differently and have different procedures for how subscriptions can be carried out via an ISK or KF. For example, you cannot pay for securities from a cash account/salary account at one bank and then have them delivered to an ISK/KF at another bank. Some banks do not assist their customers with payments from ISK/KF accounts and may therefore completely reject deposits into ISK/KF in connection with share issues. Always contact your bank before submitting a subscription form to us and stating an ISK or KF account.
The subscription for the securities must be submitted directly to the bank, not to us as the issuing agent (log in to Avanza’s online banking and locate the offer you wish to subscribe to). Payment for the securities must be made from the ISK/KF, and Avanza handles this on your behalf once the subscription has been made through them.
Since payment is made long before the delivery of the securities, banks will usually reject deposits into ISK/KF.
Nordic Issuing contacts Avanza to ask whether they can assist you as an investor in having the shares delivered to your ISK/KF. Avanza usually helps, but may decline if they have a high workload. You as an investor must send a secure message to Avanza (while logged in) stating that you wish to use your ISK or KF. Nordic Issuing reissues the contract note in Avanza’s name, and Avanza makes the payment on your behalf from your ISK or KF.
The subscription for the securities must be submitted directly to the bank, not to us as the issuing agent (log in to Nordnet’s online banking and locate the offer you wish to subscribe to). Payment for the securities must be made from the ISK/KF, and Nordnet handles this on your behalf once the subscription has been made through them.
Since payment is made long before the delivery of the securities, banks will usually reject deposits into ISK/KF.
As an investor, you can only have the securities delivered to a KF, not an ISK. When you receive a contract note from us, you can forward it to Nordnet, and they will assist you with making the payment from your KF.
All banks interpret the legislation differently and have different procedures for how subscriptions to securities must be carried out via an ISK or KF. Always contact your bank before submitting a subscription form to us and stating an ISK or KF account. It is not certain that your bank will be able to arrange for the securities to be delivered to an ISK/KF.
A company issues warrants because it has a need to raise capital. The most common method of issuing warrants is through a unit issue. A unit may consist of one or more shares together with one or more warrants.
In the financial business, a lot of complex and specific terms are used. We have tried to list and explain the most common ones that appear in connection with our work. We’re hoping it will be helpful!
Subscribing for securities in a rights issue for the first time is not always straightforward. There is also no universal standard procedure, as different institutions (such as banks and issuing agents) may have their own preferred methods for handling subscriptions. Below, we have summarized the most common questions we receive in connection with rights issue subscriptions. If you still have questions about how to participate in a rights issue, you are always welcome to contact us by phone or email.
There are several ways to acquire shares. The most common method is by purchasing shares directly on the stock exchange, but shares can also be obtained through subscription in a new share issue. If you hold shares in a company that is carrying out a new share issue on the record date, you will automatically receive subscription rights credited to your account. These subscription rights entitle you to subscribe for new shares in the company.
Subscribing for securities in an Initial Public Offering (IPO) for the first time is not always straightforward. There is also no universal standard procedure, as different parties may have their own preferred methods for submitting an application. Below, we have listed the most common questions we receive in connection with IPO subscriptions — hopefully providing you with some guidance on how the process works. If you still have questions about how to subscribe in an IPO where Nordic Issuing acts as issuing agent, you are always welcome to contact us by phone or email.
