May 21, 2015 - Nasdaq (Nasdaq: NDAQ) announced that trading in Robit Plc shares (short name: ROBIT) commenced today on Nasdaq First North in Helsinki. The company belongs to the Industrials sector. Nasdaq First North is a Multilateral Trading Facility (MTF) aimed towards emerging growth companies and is operated by Nasdaq Nordic exchanges.
Robit Plc is a growing international company specialized in manufacturing of drilling consumables used for rock drilling and ground drilling. Robit’s products are used for applications in tunnelling, geothermal heating and cooling, construction, and mining industries. The Company’s products are sold to over 100 countries, which is an indication of Robit’s fast-paced internationalization. The Company has sales companies in Finland, South Korea, the United States, Russia and South Africa as well as a sales office in China. The Company has production facilities in Lempäälä, Finland, and South Korea. For more information, please visit www.robit.fi
"We would like to thank those who participated in our IPO and have trusted in our company and its future prospects. The successful completion of the IPO will make it possible for us to widen our product offering and make our foothold stronger on our current and new market areas. It also allows us to consider growing our business through acquisitions. I would like to personally invite all the new shareholders to join Robit’s growth story,“ says Harri Sjöholm, Chairman of the Board of Directors of Robit Plc.
“We are pleased with the strong interest investors have shown in Robit’s international growth pursuits. With the proceedings of the IPO we can facilitate our growth plans and we can strengthen our business on the four core business areas. We are proud and thankful for all the trust, “says CEO Jussi Rautiainen of Robit.
“We are excited to welcome Robit to Nasdaq First North where it will already be the 14th company in Finland,” said Lauri Rosendahl, President of Nasdaq Helsinki. “An innovative growth company as Robit will make a great addition to our Industrials sector, and we look forward to a long-standing partnership with the company and its shareholders.”
Robit Plc has appointed Skandinaviska Enskilda Banken AB as its Certified Adviser.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq 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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