-- Nasdaq's Nordic markets remained active in 2018 despite market volatility
-- Record number of switches from Nasdaq First North to the Main Market
Stockholm, December 28, 2018 - Nasdaq (Nasdaq: NDAQ) welcomed 83 new listings
to its Nordic markets* in 2018, raising 2.56 billion EUR in capital. A majority
of the new listings (50 companies/60.2 percent) occured on Nasdaq First North,
Nasdaq's junior growth market for small and medium sized enterprises (SMEs).
"It is exciting to see that the Nordic markets remain resilient despite current
market volatility, with a continuous inflow of new company listings throughout
the year," said Lauri Rosendahl, President of Nasdaq Nordic. "It has been
particularly exciting to see Finland having its most active listing year since
2000, while the SME market in Denmark has picked up nicely with nine new
listings on Nasdaq First North."
A total number of 13 companies transferred from Nasdaq First North to the
Nordic main market during 2018; a record year for switches. Since Nasdaq
launched its growth market in 2006, 73 companies have matured and transferred
from Nasdaq First North to the main market.
Finnish real estate company Kojamo (capital raised: 483 mEUR) was the largest
IPO in 2018, followed by NetCompany (416 mEUR) in Copenhagen and Cibus Nordic
Real Estate (311 mEUR) in Stockholm. A number of high profiled corporate
spin-offs also occurred in 2018, including Epiroc (from Atlas Copco) and
Veoneer (from Autoliv).
"Nasdaq Nordic has maintained its position as one of the most active IPO
markets in Europe in 2018," said Adam Kostyál, SVP and Head of European
Listings, Nasdaq. "We continue to see an interest from issuers both in the
Nordics and across Europe, in particular from fast growing technology sectors.
Based on current disucssions with companies and advisors, we expect continued
activity in the first part of 2019, as long as markets remain relatively
stable."
2018 Nasdaq Nordic Listings Statistics**
Main Market Nasdaq First North
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Total New Listings (incl. switches)*** 33 50
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Initial Public Offerings 14 37
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Switches from Nasdaq First North**** 13 ----
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Switches from non-Nasdaq markets 1 7
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Company spin-offs 3 ----
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Listing, no offering 2 6
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Capital Raised (Million EUR) 1 881 683
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Largest IPOs (capital raised, million EUR) Kojamo Oyj (483)
Netcompany Group A/S (416)
Cibus Nordic Real Estate AB (311)
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Sectors with most listings**** Health Care (19)
Industrials (15)
Financials (14)
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2018 Nasdaq Stockholm Listings Statistics**
Main Market Nasdaq First North
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Total New Listings (incl. switches)*** 23 33
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Initial Public Offerings 7 21
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Switches from Nasdaq First North**** 12 ---
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Switches from non-Nasdaq markets 1 7
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Company spin-offs 3 ----
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Listing, no offering --- 5
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Capital Raised (Million EUR) 460 564
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Largest IPOs (capital raised, million EUR) Cibus Nordic Real Estate AB (311)
Bygghemma Group First AB (138)
NCAB Group AB (65)
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Sectors with most listings**** Health Care (18)
Industrials (9)
Consumer Services (7)
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*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki,
Nasdaq Iceland and Nasdaq Stockholm.
**Data Source: Nasdaq Nordic, Econ & Stat Research
***Includes IPOs, listings with no offerings, company spin-offs as well as
switches from Nasdaq and non-Nasdaq Markets
****Includes switches from Nasdaq First North to the Main Market
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by
the different exchanges within Nasdaq Nordic (Nasdaq First North Denmark is
currently regulated as an alternative marketplace, but will be regulated as a
multilateral trading facility effective January 3, 2018). It does not have the
legal status as an EU-regulated market. Companies at Nasdaq First North are
subject to the rules of Nasdaq First North and not the legal requirements for
admission to trading on a regulated market. The risk in such an investment may
be higher than on the main market.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing,
exchange technology, listing, information and public company services. Through
its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock market, its
technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of
the world's securities transactions. Nasdaq is home to over 4,000 total
listings with a market value of approximately $15 trillion. To learn more,
visit business.nasdaq.com.
Media Relations Contact:
Erik Granström
+46 73 449 78 07
erik.granstrom@nasdaq.com
-------------------------© 2018 GlobeNewswire
