Cityvarasto IPO
Cityvarasto has been listed and trading in the company's share began on October 3, 2025 under the trading symbol CITYVA.
Cityvarasto initial public offering 2025
Trading in the shares began on the Nasdaq First North Growth Market Finland on October 3, 2025. The final subscription price of shares was 16€ per share. Cityvarasto received gross proceeds of EUR 15 million and more than 1,000 new shareholders from the share issue. Thank you to everyone who participated in the IPO!
Public offering subscription period
24.9.-30.9.2025
Subscription price range
14.89–17.02 €
Final subscription price
16.00€ / share
16.00€ / share
Please review the prospectus approved by the Financial Supervisory Authority available on this page before making an investment decision.
Company presentation
Cityvarasto organised a company presentation (in Finnish) for private investors, on 24 September 2025 at 6 pm EEST. Watch the recording of the event below.
CEO Ville Stenroos
”Self-storage is an internationally growing industry, but compared to other Nordic countries, the United States, or the United Kingdom, it seems that there is still room for growth in Finland.
If you are looking for exposure to the real estate market, I encourage you to look at our figures. Cityvarasto's strengths are its size, well-known brand, and clear real estate development concept. We have over 70 locations across Finland, functional systems, and we are the most well-known brand in the industry.”
Interview (In Finnish) - Inderes TV
Important dates
| 24 September, 2025 | Subscription period for the public offering commences |
| 29 September, 2025 | The subscription period for public offering can be suspended at the earliest |
| 30 September, 2025 | Subscription period for the public offering ends |
| 2 October, 2025 | The final subscription price and the results of the public offering announced |
| 3 October, 2025 | Shares subscribed in the public offering are recorded in investors' book-entry accounts |
| 3 October, 2025 | Trading of shares commences on First North |
Materials
Offering Circular
Marketing brochure (in Finnish)
Trade register extract
Articles of association
Half-year report 1 January to 30 June 2025
Auditor's review report for the period 1 January to 30 June 2025
IFRS Consolidated Financial Statements 2024 and 2023
Auditor's report 2024 and 2023
FAS Consolidated Financial Statements 2023
Auditor's report 2023
FAS Consolidated Financial Statements 2022
Auditor's report 2022
Property valuation report of Jones Lang LaSalle Finland Oy
Presentation from the ITF event (In Finnish)
Releases
Cityvarasto in brief
Cityvarasto is a Finnish company established in 1999, operating in the self-storage, van rental and moving services sectors. In addition to the parent company Cityvarasto Oyj, the Cityvarasto Group includes, as its principal subsidiaries, PakuOvelle.com Oy, which specialises in van rentals, and Opiskelijamuutot Oy, a moving services company. The Cityvarasto Group employed an average of 58 people and reported revenue of EUR 22.4 million for the financial year ended 31 December 2024.
Cityvarasto
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