EQT AB intends to sell up to 20% of its shares through an initial public offering on the Nasdaq Stockholm exchange to boost its private markets investing capability, a spokeswoman said.
The private equity manager's plans include issuing new shares with expectations of raising at least €500 million ($549 million), as well as a sale of shares by existing shareholders, according to a news release Monday.
The IPO date has not yet been announced but is expected to take place at the end of September or in October following a roadshow, the firm's spokeswoman said.
EQT has €40 billion of assets under management in 19 active funds and €62 billion in capital raised.
"The contemplated IPO is an exciting milestone for us as a firm, and we are confident that a strong balance sheet will better position EQT for the long term and facilitate our mission of making a positive impact with everything we do," Christian Sinding, CEO and managing partner of EQT, said in the release.