Helsinki April 24, 2013 - NASDAQ OMX (NASDAQ: NDAQ) announced that trading in Taaleritehdas Oyj (TAALB) B class shares commenced today on First North Finland. The company belongs to the Finance sector. First North Finland is a Multilateral Trading Facility (MTF) aimed towards emerging growth companies and has been operated by NASDAQ OMX Helsinki since April 4, 2011.
Founded in 2007, Taaleritehdas Oyj is a wealth management company focusing on comprehensive private banking and wealth management services for private individuals and institutional investors. Taaleritehdas has grown rapidly and plays a significant role today in the Finnish wealth management industry. With over 2,100 customers and EUR 2.4 bn in assets under management (Dec 31, 2012), its business is comprised of two main business areas: wealth management and private equity funds.
CEO Juhani Elomaa of Taaleritehdas commented: “The mission of Taaleritehdas is to help further develop the Finnish capital markets, and our listing on the First North marketplace in Finland underscores our commitment to the capital formation process. Going public increases transparency for our investors, many of which are also our customers. We applaud Finnish ownership and work together with our customers to develop and grow Taaleritehdas.”
Lauri Rosendahl, President of NASDAQ OMX Helsinki said: “We are excited to welcome Taaleritehdas to the First North marketplace in Finland as the second financial sector company, and we look forward to supporting them on their journey as a publicly traded company with all the benefits of being listed.”
Taaleritehdas Oyj has appointed Merasco Oy as Certified Adviser.
About First North
First North is regulated as a multilateral trading facility, operated by the different exchanges within NASDAQ OMX Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of 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.
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The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-55 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,300 listed companies worth more than $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
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