A3P Biomedical
byWiT
Cascade Drives
Demontera
Dirac Research
Doktor.se
Exeger
GreenGold Group
Kaunis Iron
MEDS Pharmacy
Mentimeter
Nicoya
Nordic countries
Northmill
Virtune
Xshore
Yabie
Investing in unlisted equities - the How it works
On this page, we explain what unlisted shares are and how they work. We also explain the benefits and risks, and how to get started with your investments on our platform. Further down the page, you'll find a list of the unlisted shares we trade.
What are unlisted shares?
Unlisted shares are holdings in companies that are not listed on a public stock exchange, such as the Stockholm Stock Exchange, Nasdaq or other regulated marketplaces. These are instead traded through brokers, such as Eqvor. Unlisted shares are interesting for those who want to diversify their portfolio and at the same time have the chance of higher returns and the opportunity to be part of a company's journey at an early stage.Â
Buying unlisted shares
Our platform allows you to buy and sell unlisted shares in new and growing companies that are not yet listed on the stock exchange. We offer a convenient overview with real-time prices and price history, giving you a clear basis for decision-making. Unlisted shares range from smaller growth companies and start-ups to larger, internationally known companies such as Klarna.
Unlisted shares list
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Latest trade
Unlisted shares in Sweden ? List of unlisted shares
| Company | Sektor | Euroclear | Market Cap | Publik/Privat |
|---|---|---|---|---|
| A3P Biomedical | Health care, Biotechnology | Yes | SEK 661 MILLION | Public |
| Aira | Energy, Alternative energy sources | No, it is not. | SEK 9.81 BILLION | private |
| Altris | Energy, Renewable energy sources | No, it is not. | 359 MSEK | private |
| Billogram | Finance, Payment solutions & transactions | No, it is not. | SEK 1.65 BILLION | private |
| Biocrine | Health care, Biotechnology, Pharmaceuticals | Yes | 326 MSEK | private |
| Blykalla | Energy, Renewable energy sources, Alternative energy sources, Technology, Deep-Tech | No, it is not. | SEK 848 MILLION | private |
| byWiT | Finance, Investment companies | Yes | 1.51 MDSEK | Public |
| Candela | Technology, Shipping | No, it is not. | SEK 2.00 BILLION | private |
| Cascade Drives | Industry, Components & tools, Technology, Hardware | Yes | SEK 260 MILLION | Public |
| CDLP | Consumer goods & services, E-commerce, Clothing & accessories | No, it is not. | 302 MSEK | private |
| Demontera | Avfall & återvinning, Bygg & konstruktion | No, it is not. | 60 MSEK | Public |
| Dirac Research | Technology, Software | Yes | 997 MSEK | Public |
| Doktor.se | Health care, Health care services, Health care facilities, Health care | Yes | 2.86 MDSEK | Public |
| Einride | Technology, AI, Industry, Transport & Logistics | No, it is not. | 8.23 MDSEK | private |
| Epidemic Sound | Technology, Digital services | No, it is not. | SEK 12.08 BILLION | private |
| Estrid | Consumer goods & services | No, it is not. | 2.13 MDSEK | private |
| Exeger | Energy, Renewable energy sources, Technology | Yes | 379 MSEK | Public |
| FirstVet | Medical services, Health & social care | No, it is not. | SEK 1.13 BILLION | private |
| GreenGold Group | Raw materials, Forest & pulp industry | Yes | 610 MEUR | Public |
| Instabee | Transportation & Logistics | No, it is not. | 4.43 MDSEK | private |
| Kaunis Iron | Raw materials, Base metals, Metals & mining | Yes | SEK 2.16 BILLION | Public |
| Koenigsegg Automotive | Car manufacturers, Automotive industry | No, it is not. | SEK 9.18 BILLION | private |
| MEDS Pharmacy | Healthcare, Pharmaceuticals, Health & Care, Consumer Goods & Services, E-commerce | Yes | 690 MSEK | Public |
| Mentimeter | Technology, SaaS provider, Software, Digital services | Yes | 3.68 MDSEK | Public |
| Mindler | Health services, Technology | No, it is not. | SEK 410 MILLION | private |
| Mynt | Finance, Financial services, Technology | No, it is not. | 1.67 MDSEK | private |
| Nicoya | Finance, Investment companies | Yes | SEK 244 MILLION | Public |
| Nordic countries | Finance, Financial services, Banking | Yes | 1.01 MDSEK | Public |
| Northmill | Finans, Bank, Finansiella tjänster | Yes | 1.94 MDSEK | Public |
| Quartr | Finance, Technology | No, it is not. | 686 MSEK | private |
| Sana Labs | Technology, AI, SaaS provider | No, it is not. | SEK 4.65 BILLION | private |
| Sigrid therapeutics | Health care, Biotechnology, Pharmaceuticals | Yes | SEK 439 MILLION | private |
| Stegra | Industry, Energy, Renewable energy sources | No, it is not. | SEK 31.98 BILLION | private |
| Svea Solar | Alternative energy sources, Renewable energy sources, Energy | No, it is not. | 3.60 MDSEK | private |
| Virtune | Finance, Cryptocurrencies & platforms | No, it is not. | 746 MSEK | Public |
| Voi | Technology | No, it is not. | 3.34 MDSEK | private |
| Xshore | Shipping, Technology | Yes | 385 MSEK | Public |
| Yabie | Finance, Payment solutions & transactions | Yes | 314 MILLION | Public |
Unlisted Shares List
- A3P Biomedical
- Aira
- Altris
- Billogram
- Biocrine
- Blykalla
- byWiT
- Candela
- Cascade Drives
- CDLP
- Demontera
- Dirac Research
- Doktor.se
- Einride
- Epidemic Sound
- Estrid
- Exeger
- FirstVet
- GreenGold Group
- Instabee
- Kaunis Iron
- Koenigsegg Automotive
- MEDS Pharmacy
- Mentimeter
- Mindler
- Mynt
- Nicoya
- Nordic countries
- Northmill
- Quartr
- Sana Labs
- Sigrid therapeutics
- Stegra
- Svea Solar
- Virtune
- Voi
- Xshore
- Yabie
Visar 1 till 38 av 38 poster
OTC-List
Unlisted shares are safe to trade
The fact that a company is unlisted does not mean that its shares are less safe or of lower quality than if the company were listed. On the contrary, many companies today choose to remain unlisted for various reasons. Listing can involve significant costs, including marketing, auditing and fees to stock exchanges and banks. In addition, listing carries certain risks, such as hostile takeovers and loss of commercial confidentiality, as the company has to disclose its plans and strategies. Information that could potentially be exploited by competitors.
Another reason is that it has become much easier to raise money on the private market and that listed companies need to focus on quarterly growth while an unlisted company can focus on its long-term strategy. For these reasons, many people choose to keep their companies unlisted, but neither the quality nor the security of the shares changes.Â
Why invest in unlisted shares?
Buying unlisted shares has many advantages, some of which we outline here.
However, remember that historical returns do not guarantee future returns, and you should never invest money that you cannot afford to lose.Â
More stable share pricesÂ
In general, unlisted shares tend to have a more stable value over time. This is because trading in unlisted shares is often less frequent and therefore less affected by news and market movements that can create large swings on the major stock exchanges.Â
Greater potential for returns
One of the main advantages of investing in unlisted shares is that it gives you the opportunity to buy in early, often long before a company is listed on the stock exchange. This means that you as an investor get the chance to participate in the company's growth journey from an early stage and often at a lower valuation. You get investment opportunities that are not yet open to the broad market and where the return potential may be greater.
You diversify your investment portfolio
Investing in private equity is an effective way to broaden your portfolio. By complementing investments in, for example, funds and listed shares with unlisted holdings, you create a more diversified exposure. This type of investment is particularly common among investors and companies with larger capital, who seek opportunities for higher return potential.
Risks of trading in unlisted shares
Buying unlisted shares also has some disadvantages, which we'll explain here.Â
You take a higher risk
Unlisted companies are often at an earlier stage of their development compared to listed companies. They may be start-ups or growth companies that have not yet achieved profitability, have a limited history or lack a fully established business model. Investing in unlisted companies can therefore involve a greater risk for you as an investor. Therefore, please read our article if you want tips on how to invest in startups.
Lower liquidity
Unlisted shares have a lower liquidity than shares in listed companies. This means that it is often more difficult to buy or sell them when you want to, as they are traded within a more restricted circle and not on an open exchange. This means that as an investor, you cannot count on selling your shares whenever you want as you can with shares in listed companies.
Limited information
One of the major disadvantages of unlisted companies is that access to information can be significantly more limited. One of the reasons for this is that unlisted companies do not have the same legal requirements to release information to the public as listed companies. However, some companies still choose to voluntarily share information to keep their investors informed and satisfied, but this is not always the case.
Tax rules for unlisted shares
The tax rules for unlisted shares vary depending on whether the shares are owned privately or through a company, and specific rules also apply to how dividends are taxed. Here we provide an overview of the main tax rules that apply to unlisted shares.
This information is of a general nature and should not be considered as personal tax advice. Before deciding how to manage or hold unlisted shares, you should always consult a qualified advisor, as the rules may differ depending on your situation.
Tax rules for individuals
Individuals are taxed at 25 % on profits from both dividends and sales of unlisted shares. One way to reduce the tax is to invest in unlisted shares through an endowment policy.
When you invest unlisted shares in an endowment policy, you don't pay capital gains tax on dividends or sales. Instead, you pay an annual flat-rate tax, which is usually around 1 %. However, there may be additional charges from the insurance company providing the policy.
To hold unlisted shares in an endowment policy, the shares must be unqualified. You have unqualified shares if:
- You are a passive shareholder who is not involved in the company's activities.
- You are not related to anyone involved in the company's activities.
- You have not been active in the company for more than 5 years if you have ever been involved in it.
Tax rules for companies
For companies, both dividends and gains on shares are tax-free as long as the money stays within the company. Therefore, there is usually no need to place shares in an endowment policy when they are owned by a company.
Instead, the company pays corporation tax on the total profits from the business, including any returns from shareholdings. When the profits are then withdrawn from the company, for example as salary or dividends, they are taxed according to the normal tax rules for each form of withdrawal.
How to store unlisted shares?
If the company you own shares in is connected to Euroclear, you can hold the shares in an endowment insurance policy or a regular share depository, but not in an ISK (investment savings account). Euroclear is a central securities depository that digitizes the company's share register and allows investors to hold the shares in a regular depository. The company then does not need to spend time manually updating the share register.
If you invest in unlisted shares through a company, such as a holding company, it is common to hold the shares in a share depository. If you invest as an individual, some people choose to hold their shares in an endowment policy to avoid paying capital gains tax and instead pay a flat-rate tax each year.Â
If you buy and sell unlisted shares through us at Eqvor, we make sure that everything is handled correctly, such as that the shares are transferred to the right custody account or that the management updates the share register correctly.
How does it work to sell unlisted shares?
There are two common ways to sell unlisted shares. The first is to contact the company's management and either ask if they have any interest in buying the shares themselves, or if they know of anyone else who might be interested in buying.
Another way is to go through us, Eqvor. We can usually find a good counterparty for your order thanks to the large network of investors we have. In the first instance, we recommend that you create an account on our platform. There you can put your shares up for sale, this can be done even with companies that we do not trade today. We will review the company you want to sell and get back to you with questions and a proposal. It is also possible to send an email to us at [email protected]and we will help you find a buyer for your unlisted shares.
How does investing in unlisted companies work?
To invest in unlisted companies, it is most convenient to contact a broker specializing in trading in unlisted shares, like us at Eqvor. With us, you can also place an order easily and digitally directly on the site, provided you have created an account with us. We can also help with any new issues.Â
Another option is to contact people selling the stock you want to invest in yourself, but this can be difficult if you have limited time or networks.
Create an account to invest in unlisted shares.
Frequently asked questions & answers
What is the difference between unlisted and listed shares?
The difference between listed and unlisted shares lies mainly in how they are traded. Listed shares are holdings in companies listed on a stock exchange, while unlisted shares are holdings in companies not listed on a stock exchange.
What is the difference between private companies and public companies?
Private individuals companies is not noted on any stock exchange and offers not their shares to the public on the same way which public companies. The is in addition obliged that bring and share register which fish which which owns shares i the company. Public companies has right that offer their shares to the public and can product noted on and stock exchange, but all public companies is not noted. When one publicly companies will be noted on and stock exchange is called that one noted companies. Med other word is all noted companies public, but not all public companies is noted.
How is the market value of unlisted shares determined?
Market value on unlisted shares is determined not of and public price formation without affected instead of factors which the company's latest transactions, financial result and future prospects. The valuation builds often on different methods, to examples comparisons with similar company or calculations of future cash flows, which do that the price can product more subjectively and vary dependency on assessments.
Can I hold unlisted shares in my ISK?
Most Swedish banks do not allow unlisted shares to be held in an ISK because these shares are not admitted to trading on a regulated market. This means that according to the Swedish Tax Agency, unlisted shares are classified as "account-exempt assets" and may not be held in an ISK.
Can I move my unlisted shares to any bank?
Yes, you can, provided that you move them to a share depository and that the company is public. The majority of the companies you can trade here on Eqvor are public and can thus be stored at, for example, Avanza, Nordnet or another bank of your choice.
What is endowment insurance for unlisted shares?
In endowment insurance for unlisted shares is one way that own unlisted shares within and insurance solution where the insurance company formally stands which owner, but you has right to value and still have control over the shares. The ger and simplified tax management because you pays and annual flat-rate tax instead for tax on gains or dividends. Many providers of endowment insurance for unlisted shares also have systems in place that allow you to vote at general meetings.Â
Are unlisted shares and unqualified shares the same thing?
No, unlisted and unqualified shares is not the same The case. Unlisted shares is shares i companies which not is noted on and stock exchange. Unqualified persons shares traders instead to how shares taxed according to the current tax rules. The rule of thumb is that those who are involved in the company have qualifying shares, while those who are not have non-qualifying shares.Â
