Danish Saxo Bank is strongly growing. Calculations conducted by one of Denmark’s leading company agents on behalf of Børsen show that the total value of the bank has increased with close to EUR 1.9 billion.

Hereby, the sixteen-year-old online bank, from the Copenhagen suburb Gentofte, has overrun Sydbank and Saxo Bank is now Denmark’s third largest bank measured in market capitalisation.

The two founders and majority shareholders Kim Fournais and Lars Seier have in this way moved up among the elite of Danish top-class entrepreneurs. Combined their 62 per cent large shareholding in Saxo Bank is worth more than EUR 1.1 billion.

It is only by selling shares and thereby loose control of the company that the highest market capitalisation is reachable. A possibility that Kim Fournais will not leave out.

”At the moment, a stock exchange listing is not our primary focus. We are building a company that will be suited to go public but we would not have to do it. The organisation and the functional streamlining we are building can be listed, at any given time. Our aim is to get ready. A stock exchange listing has obvious advantages in terms of reporting. It would show the world that we have the world’s best trading platform and that we are involved in something huge. However, right now we have an independence that enables us to make the right decisions undisturbed. So it is not an issue right now” says Kim Fournais to Børsen.