Record number of switches from Nasdaq First North to the Main Market during 1H 2018 Total number of listed companies across Nasdaq Nordic & Baltic exceeded 1000 for the first time
Nasdaq (Nasdaq: NDAQ) welcomed 52 new listings to its Nordic markets* during the first half (1H) of 2018, raising 2.4 billion EUR in capital. Twenty-three of the new listings were on the Main Market, while 29 occurred on Nasdaq’s European growth market, Nasdaq First North.
“We have experienced a very active first half of the year and it is exciting to note that the Nordic IPO environment remains resilient,” said Adam Kostyál, SVP and Head of European Listings, Nasdaq. “We recently reached 1000 listed companies across our Nordic and Baltic markets, and I am proud that Nasdaq First North maintains its position as the leading financing platform for European small and medium sized companies (SMEs).”
Eight of the new Nordic listings in Q1 and Q2 were switches from Nasdaq First North to the Main Market, beating the previous record of six switches set during the first half 2017. A number of notable new listings also occurred on Nasdaq’s Nordic markets during the time period, including Netcompany in Copenhagen, Arion Bank’s dual listing in Reykjavik and Stockholm, Kojamo in Finland and Epiroc – the spin-off from Atlas Copco which entered the Nasdaq Stockholm Main Market on June 18 with a market cap of 10.6 billion EUR.
Nasdaq also sees a continued strong interest from international issuers, with six new listings of non-Nordic companies in 1H 2018. A particular interest can be seen from technology companies, most notably the iGaming sector. Four new listings occurred in this sector during Q1 and Q2, and Nasdaq Nordic is currently the leading European market place for iGaming in terms of number of listed companies (16).
“Our pipeline for the second half