Helsinki, May 2, 2016 – Nasdaq (Nasdaq: NDAQ) announced that trading in Qt Group Plc shares (short name: QTCOM) commenced today on the main market of Nasdaq Helsinki. Qt is a small cap company within the Technology sector. Qt is a new company that was formed through a partial demerger of one of the Nasdaq Helsinki listed companies, Digia Plc (short name DIG1V). Digia Plc's partial demerger was recorded with the Finnish Trade Register on Sunday, May 1, 2016.
The Qt Company is responsible for Qt development, productization and licensing under commercial and open source licenses. The Qt offering includes a development environment that enables the reuse of software code across numerous different operating systems, platforms and screen types, ranging from desktops and embedded systems to wearables and mobile devices. Qt is used by approximately 1 million developers worldwide and is the leading independent technology behind millions of devices and applications. Qt is the platform of choice for in-vehicle systems, industrial automation devices and other business critical applications manufacturers, and is used by leading global players in 70+ industries. The Qt Company operates in China, Finland, Germany, Japan, Korea, Norway, Russia and USA with about 200 employees worldwide. The Qt Group is headquartered in Espoo, Finland. The company's net sales in year 2015 were 27 MEUR. To learn more visit http://qt.io.
"Functioning as an independent stock listed company enables Qt to pursue a more directed strategy, clarify its financial monitoring and valuation, and create the conditions to increase shareholder value," says Juha Varelius who started as the CEO of Qt Group Oyj on May 1, 2016. "Qt sees the greatest growth potential in embedded systems. The internet of things connects millions of devices and machines to the internet requiring easy to use graphical interfaces to run them. This multitude of devices will offer growth potential to platform independent software development tool companies like Qt. Another important change for us is the ongoing wide adoption of open source technology in companies. We believe that these trends will promote Qt license sales in the future in particular to automotive, home appliance and electronics manufacturers."
“We are more than excited to welcome Qt to Nasdaq Helsinki, and we congratulate Digia on the successful completion of its partial demerger”, said Henrik Husman, President of Nasdaq Helsinki. “It is a pleasure to see a brand new top technology company listing on the main market. Qt will be a great addition to our technology sector. We look forward to supporting Qt in all stages of their growth, and are happy to provide them with the increased publicity and investor awareness that come with the listing. We are also happy to note that Qt is no less than the seventh new listed company in Finland this year, including the companies that transferred from First North to the main market.”
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