Stockholm/Helsinki/Copenhagen/Reykjavik, December 20, 2021 - Nasdaq (Nasdaq:
NDAQ) reports that the annual review of its Nordic market capitalization
(market cap) segments is completed. The revision is based on the average market
cap value in November 2021. Together with indexes and sector classifications,
the market cap segmentation is a tool to increase visibility for companies
listed on Nasdaq's exchanges in Stockholm, Helsinki, Copenhagen and Iceland.
Effective January 3, 2022, the following 51 companies will change segment: 47
companies will change to a larger segment, while 4 companies will change to a
smaller segment.
Name Current Segment New Segment Exchange
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AddLife AB ser. B Mid Cap Large Cap STOCKHOLM
MIPS AB Mid Cap Large Cap STOCKHOLM
Lagercrantz Group AB ser B Mid Cap Large Cap STOCKHOLM
HMS Networks AB Mid Cap Large Cap STOCKHOLM
Troax Group AB Mid Cap Large Cap STOCKHOLM
Lindab International AB Mid Cap Large Cap STOCKHOLM
Instalco AB Mid Cap Large Cap STOCKHOLM
BICO Group AB Mid Cap Large Cap STOCKHOLM
NP3 Fastigheter AB Mid Cap Large Cap STOCKHOLM
NP3 Fastigheter AB Pref Mid Cap Large Cap STOCKHOLM
Vitec Software Group AB ser. B Mid Cap Large Cap STOCKHOLM
Biotage AB Mid Cap Large Cap STOCKHOLM
Hexatronic Group AB Mid Cap Large Cap STOCKHOLM
K-Fast Holding AB ser. B Mid Cap Large Cap STOCKHOLM
Volati AB Mid Cap Large Cap STOCKHOLM
Volati AB PREF Mid Cap Large Cap STOCKHOLM
Systemair AB Mid Cap Large Cap STOCKHOLM
Creades AB ser. A Mid Cap Large Cap STOCKHOLM
Bilia AB ser. A Mid Cap Large Cap STOCKHOLM
Bufab AB Mid Cap Large Cap STOCKHOLM
Karo Pharma AB Mid Cap Large Cap STOCKHOLM
Munters Group AB Mid Cap Large Cap STOCKHOLM
SAS AB Mid Cap Large Cap STOCKHOLM
Boozt AB Mid Cap Large Cap STOCKHOLM
Nobia AB Large Cap Mid Cap STOCKHOLM
Resurs Holding AB Large Cap Mid Cap STOCKHOLM
NOTE AB Small Cap Mid Cap STOCKHOLM
Green Landscaping Group AB Small Cap Mid Cap STOCKHOLM
FM Mattsson Mora Group ser. B Small Cap Mid Cap STOCKHOLM
Logistea AB ser. A Small Cap Mid Cap STOCKHOLM
Logistea AB ser. B Small Cap Mid Cap STOCKHOLM
Elos Medtech AB ser. B Small Cap Mid Cap STOCKHOLM
Xbrane Biopharma AB Small Cap Mid Cap STOCKHOLM
BioInvent International AB Small Cap Mid Cap STOCKHOLM
Beijer Electronics Group AB Small Cap Mid Cap STOCKHOLM
Josemaria Resources Inc. Small Cap Mid Cap STOCKHOLM
Infant Bacterial Therapeutics AB B Mid Cap Small Cap STOCKHOLM
Betsson AB ser. B Large Cap Mid Cap STOCKHOLM
Qt Group Oyj Mid Cap Large Cap HELSINKI
Vaisala Corporation A Mid Cap Large Cap HELSINKI
Uponor Oyj Mid Cap Large Cap HELSINKI
Revenio Group Corporation Mid Cap Large Cap HELSINKI
Tecnotree Corporation Small Cap Mid Cap HELSINKI
Incap Corporation Small Cap Mid Cap HELSINKI
Rapala VMC Corporation Small Cap Mid Cap HELSINKI
Digia Plc Small Cap Mid Cap HELSINKI
Bavarian Nordic Mid Cap Large Cap COPENHAGEN
ChemoMetec Mid Cap Large Cap COPENHAGEN
NKT A/S Mid Cap Large Cap COPENHAGEN
NTG Nordic Transport Group A/S Mid Cap Large Cap COPENHAGEN
SAS AB Mid Cap Large Cap COPENHAGEN
Boozt AB Mid Cap Large Cap COPENHAGEN
Brdr. A & O Johansen praef. Small Cap Mid Cap COPENHAGEN
Gyldendal A Small Cap Mid Cap COPENHAGEN
Gyldendal B Small Cap Mid Cap COPENHAGEN
North Media A/S Small Cap Mid Cap COPENHAGEN
Flügger group A/S B Small Cap Mid Cap COPENHAGEN
About the Market Cap Segments
Companies belong to a market cap segment (Small-, Mid- and Large Cap) based on
their average market value during the given review month. Each segment is
reviewed annually based on the average market cap in November with adjustments
taking effect in January the following year. The market cap calculations are
based on the total number of shares, i.e., both listed and non-listed shares,
of a company. Companies with a market value exceeding EUR 1 billion are in the
group of "Large Cap", while companies with a market value smaller than EUR 150
million belong to "Small Cap". Companies with a market value between EUR 150
million and EUR 1 billion belong to the "Mid Cap" segment.
12-month transitional period
Companies whose market cap has moved outside the reference values for their
current classification are moved between segments according to the following
rule: If their market cap is less than 50 percent of the minimum or more than
150 percent of the maximum threshold of their current segments they are
transferred into a new segment with immediate effect. On the other hand, if
their market cap is greater than 50 percent of the minimum or less than 150
percent of the maximum threshold of their current segment, they are subject to
a transitional period and thus one more review before transferring into a new
segment. Hence, based on the EUR 1 billion Large Cap and EUR 150 million Mid
Cap thresholds, a Large Cap company whose market cap value has not fallen below
EUR 500 million, and a Mid-cap company whose market cap value has not fallen
below EUR 75 million, are subject to a second review before moving down to the
new segment. Similarly, a Mid Cap company whose market cap value has not
exceeded EUR 1.5 billion and a Small-cap company whose market cap value has not
exceeded EUR 225 million, are subject to a second review before moving up to
the new segment.
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 www.nasdaq.com.
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq
Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker
Services are respectively brand names for the regulated markets of Nasdaq
Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS,
Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB
and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq
Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq
Vilnius.
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:
Helle Mayor
+45 9132 4030
Helle.mayor@nasdaq.com
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