Stockholm, 22 March 2024 - Nasdaq (Nasdaq: NDAQ) announces that trading in the shares of Karnell Group AB (ticker name: KARNEL B) will commence today on the Nasdaq Stockholm Main Market. Karnell Group is a small cap company within the Industrials sector. It is the third company to be admitted to trading on Nasdaq's Nordic and Baltic markets* in 2024. Karnell is a growth-oriented industrial technology group. The Company applies a systematic and proactive acquisition strategy to invest in industrial technology product companies and niched manufacturers at attractive valuations and thereafter develop these businesses by leveraging the Group's tools and expertise. For more information "The listing on Nasdaq Stockholm is a significant and exciting milestone in our history and we are very pleased with the great interest we have seen among both institutions and private investors. I now look forward to working with our new and existing shareholders to continue our growth journey and strengthen Karnell's position as a leading industrial technology group," CEO Petter Moldenius of Karnell Group comments. "We extend our warm congratulations to Karnell Group on the successful completion of their IPO which represents also the first IPO on Nasdaq European markets this year," said Adam Kostyál, Head of European Listings at Nasdaq. "It is our pleasure to welcome them to our Main Market, and we look forward to supporting them on their continued journey." *Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm as well as Nasdaq Baltic. About Nasdaq Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric 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 X @Nasdaq, or at www.nasdaq.com. Nasdaq Media Contact Erik Gruvfors +46 73 449 78 12 erik.gruvfors@nasdaq.com
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