SB1 Markets

What SB1 Markets does

SB1 Markets AS is a leading pan-Nordic investment bank founded in 2008 and headquartered in Oslo, Norway, jointly owned by SpareBank 1 and Swedbank as part of the SpareBank 1 Alliance — the second-largest banking group in Norway. The firm operates from eight offices across Norway (Oslo, Stavanger, Trondheim, Tromsø, Ålesund, Bergen) and Sweden (Stockholm), with a reference to a New York location, employing approximately 270 professionals including 75 dedicated investment bankers. Its core technology is an integrated investment banking platform organized around product lines: Investment Banking (advisory, ECM, DCM), Fixed Income, High Yield, FX and Derivatives, Equities, Securities, Research, and Market Making — providing the full capital markets value chain from origination through execution and secondary market liquidity.

The firm serves a horizontally segmented client base spanning institutional investors, large-cap corporations, SMEs, corporate treasuries, and private investors across the Nordic region. It generates revenue through two primary streams: (i) professional services fees from M&A advisory, IPO and equity underwriting, and debt capital markets transactions; and (ii) transaction-based revenues from market making in approximately 13 Nordic stocks (including regional banks, salmon producers, and energy companies), as well as FX, interest rate derivatives, and fixed income trading. Pricing is bespoke and transaction-specific, with no publicly disclosed fee schedules and multi-year mandate structures.

SB1 Markets' go-to-market is enterprise field sales, with an integrated Equity Research and Sales team of more than 50 professionals providing institutional clients with ideas, execution, and liquidity, complemented by corporate access events and direct sales coverage across the Nordic footprint. Notable credentials include ranking as #2 IPO adviser in Norway and Sweden by both volume and number of deals, Norway Financial Adviser of the Year 2023 by Mergermarket, and a #1 ranked Equity Research team. The firm is regulated under FATCA, CRS, EMIR, and MiFID II/MiFIR, and is the primary legal entity domiciled in Norway with a regional branch in Stockholm, Sweden.

Name

SB1 Markets

Legal name

SpareBank 1 Markets AS

Website

https://sb1markets.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

251–500 employees

Short description

SB1 Markets is a pan-Nordic investment bank, jointly owned by SpareBank 1 and Swedbank, providing DCM, ECM, advisory, research, sales, corporate access, and FICC services to institutional investors, large-cap corporations, SMEs, and private investors from eight offices across Norway and Sweden.

Ownership category

akta.pro rank

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Banking Services: Advisory, ECM, and DCM fees from M&A advisory, IPO/dead equity underwriting, bond issuance, and capital markets transactions.
2. Market Making: Market making in Norwegian regional bank stocks, salmon producers, energy companies, and derivatives providing liquidity and generating trading revenues.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

SB1 Markets is a Nordic investment bank delivering advisory, equity capital markets (ECM), debt capital markets (DCM), fixed income, high yield, FX and derivatives, market making, and institutional research. The bank serves institutional investors, large-cap corporations, SMEs, and private investors across Norway and Sweden through 270 professionals in seven Norwegian cities and Stockholm.

Product overview

SB1 Markets is a leading pan-Nordic investment bank offering a comprehensive suite of financial services organized around core product lines: Investment Banking (advisory, ECM, DCM with 75 dedicated professionals), Fixed Income (advisory, bonds, certificates for investment grade), High Yield (tailored solutions for high-yield bond market), FX and Derivatives (risk management, trading in FX and interest rate derivatives), Equities (sales, execution, liquidity), Research (#1 ranked Nordic research team), Market Making (in Nordic stocks and derivatives), and Securities trading. The bank operates from offices in Oslo, Stavanger, Trondheim, Tromsø, Ålesund, Bergen, and Stockholm, serving client segments from private investors to large-cap institutional clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Banking Full-service investment banking with M&A advisory, ECM, and DCM executed by 75 dedicated professionals, providing corporate advisory and financing for Nordic clients.
• Equity Capital Markets (ECM) Leading ECM advisor in the Nordics and #2 IPO adviser in Norway and Sweden by both volume and number of deals, supported by the #1 ranked Equity Research team.
• Debt Capital Markets (DCM) Top-tier corporate bond arranger in the Nordics with strong deal flow across sectors and global investor access through a sales force of more than 50 professionals in Oslo and Stockholm.
• Fixed Income Advisory, bonds and certificates services covering the full value chain within Investment Grade, serving investors, financial issuers, real estate, industrial, utilities and public sector clients.
• High Yield Tailored solutions for companies and investors in the high-yield bond market, providing corporate advisory, strategic and company analyses, and global investor relationships.
• FX and Derivatives Risk analysis, risk management strategies, and trading in foreign exchange and interest rate derivatives, delivered from offices in Tromsø, Trondheim/Ålesund, and Stavanger.
• Market Making Market making services in Nordic stocks including regional banks, salmon producers, energy companies such as BlueNord ASA, and derivatives including forwards and options.
• Research Professional research team with highly ranked analysts providing timely and in-depth analysis of Nordic markets, sectors and individual companies; ranked #1 Equity Research team.
• Equities Equity Sales team providing ideas, execution and liquidity to a local and international client base of private and institutional investors, located in Oslo, Stavanger, Trondheim and Sweden.

Quantifiable outcome

• Norway Financial Adviser of the Year 2023 by Mergermarket
• +2 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Scale indicators15 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Goldman Sachs: Global bulge-bracket bank competing for the largest Nordic M&A, IPO and bond mandates, often as co-adviser alongside SB1 Markets on cross-border transactions.
• Jefferies: Global investment bank with a strong mid-market franchise and growing Nordic presence, competing for larger Nordic cross-border ECM, DCM and M&A mandates.
• Nordea Markets: Investment banking and capital markets division of Nordea, the largest Nordic financial group; broader in scope but directly overlapping with SB1 Markets in Nordic ECM, DCM, advisory and research.

Direct peers

• Arctic Securities: Norwegian investment bank focused on DCM, equities, research and corporate advisory, with strong overlap in Nordic high-yield bond and equity advisory markets.
• Pareto Securities: Norwegian-headquartered investment bank with strong ECM and Securities franchises, particularly in oil & gas, shipping and seafood, directly overlapping with SB1 Markets' Nordic mid-cap coverage.
• DNB Markets: Investment banking division of Norway's largest financial group, offering ECM, DCM, advisory and research across the Nordics and a primary competitor to SB1 Markets in Norwegian league tables.
• SEB Corporate Finance: Investment banking arm of SEB, one of Sweden's leading banks, competing directly with SB1 Markets in Swedish ECM, DCM and M&A advisory mandates and currently joint lead on certain Nordic bond deals.
• Kepler Cheuvreux: European mid-cap focused investment bank with strong Nordic equity research and corporate broking, competing with SB1 Markets for mid-cap ECM mandates and investor access.
• Carnegie Investment Bank: Leading Nordic investment bank offering ECM, DCM, advisory, research and securities services across the Nordics, competing head-to-head with SB1 Markets for IPO and M&A mandates in Norway and Sweden.
• ABG Sundal Collier: Nordic full-service investment bank with ECM, DCM, advisory and equity research, competing for the same mid- and large-cap Nordic issuers that SB1 Markets targets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sb1markets

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SB1 Markets