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GlobeNewswire
2.149 Leser
Artikel bewerten:
(2)

Nasdaq Baltic Welcomes Saunum Group to First North

Tallinn/Riga/Vilnius, Nasdaq Baltic Market, December 18, 2020
Nasdaq (NDAQ) announces that trading in Saunum Group shares (short name: SAUNA)
began today on the Nasdaq Baltic First North market. Saunum Group is an
Estonian company innovating sauna technology. 

The listing of Saunum Group shares follows the company's initial public
offering which ended on December 9. The offering was oversubscribed more than
10 times. Over 1500 investors participated in the offering and subscribed for
shares in the amount of 3 million euros in total. 

Saunum Group was founded in 2014 and develops, produces and sells sauna
technology and sauna air conditioning equipment. The company is mostly known
for the development of a unique technology that distributes the hot and the
cold air in a sauna evenly. Saunum Group also holds several patents for the
technology. 

"Saunum Group is a great example of a fast growing company with big ambition.
First North market is designed exactly for companies like this. It is not the
size of the company that matters, it is the attitude and ambition that is
important. I am glad to have Saunum Group traded on First North and wish them
all the best on their quest to revolutionize the saunas worldwide," said Kaarel
Ots, CEO of Nasdaq Tallinn. 

Andrus Vare, the Chairman of the Supervisory Board of Saunum Group said they
chose First North market for raising capital and listing shares because of the
renowned Nasdaq brand, reasonable pricing and the future perspective that being
on the public market provides. "In short, First North market was the most
logical choice for us," said Vare. 

"We are extremely glad to see so many investors believing in Saunum. Having
1500 investors subscribing for the shares of a fast growing company in Estonia
is a super result. Now it is time for us to do work that is worthy of the trust
investors have shown in our company." 

Law Firm SORAINEN acts as the certified adviser for Saunum Group on First North
market. 

Nasdaq First North market is tailored to support smaller, growing companies
that want to raise capital and get the visibility and credibility of being a
public company. For investors, First North offers an opportunity to invest in
companies that are at an interesting stage of their growth. First North is an
alternative market and is often seen as a first step towards trading on the
main market. 

About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital
markets and other industries. Our diverse offering of data, analytics, software
and services enables clients to optimize and execute their business vision with
confidence. To learn more about the company, technology solutions and career
opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at nasdaq.com. 

Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq
Riga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more:
nasdaqbaltic.com. 

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
Nasdaq and its products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
Nasdaq's control. These factors include, but are not limited to factors
detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed
with the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements. 

Media Relations Contact:
Ott Raidla
+372 5552 4824
ott.raidla@nasdaq.com
© 2020 GlobeNewswire
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