Continued Active Market for New Listings at Nasdaq Nordic

• Nasdaq’s Nordic markets remained active in 2018 despite market volatility
• Record number of switches from Nasdaq First North to the Main Market

Stockholm, December 28, 2018 – Nasdaq (Nasdaq: NDAQ) welcomed 83 new listings to its Nordic markets* in 2018, raising 2.56 billion EUR in capital. A majority of the new listings (50 companies/60.2 percent) occured on Nasdaq First North, Nasdaq’s junior growth market for small and medium sized enterprises (SMEs).

“It is exciting to see that the Nordic markets remain resilient despite current market volatility, with a continuous inflow of new company listings throughout the year,” said Lauri Rosendahl, President of Nasdaq Nordic. “It has been particularly exciting to see Finland having its most active listing year since 2000, while the SME market in Denmark has picked up nicely with nine new listings on Nasdaq First North.”

A total number of 13 companies transferred from Nasdaq First North to the Nordic main market during 2018; a record year for switches. Since Nasdaq launched its growth market in 2006, 73 companies have matured and transferred from Nasdaq First North to the main market.

Finnish real estate company Kojamo (capital raised: 483 mEUR) was the largest IPO in 2018, followed by NetCompany (416 mEUR) in Copenhagen and Cibus Nordic Real Estate  (311 mEUR) in Stockholm. A number of high profiled corporate spin-offs also occurred in 2018, including Epiroc (from Atlas Copco) and Veoneer (from Autoliv).

“Nasdaq Nordic has maintained its position as one of the most active IPO markets in Europe in 2018,” said Adam Kostyál, SVP and Head of European Listings, Nasdaq. “We continue to see an interest from issuers both in the Nordics and across Europe, in particular from fast growing technology sectors. Based on current disucssions with companies and advisors, we expect continued activity in the first part of 2019, as long as markets remain relatively stable.”

2018 Nasdaq Nordic Listings Statistics**

2018 Nasdaq Stockholm Listings Statistics**

*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
**Data Source: Nasdaq Nordic, Econ & Stat Research
***Includes IPOs, listings with no offerings, company spin-offs as well as switches from Nasdaq and non-Nasdaq Markets
****Includes switches from Nasdaq First North to the Main Market

About Nasdaq First North

Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic (Nasdaq First North Denmark is currently regulated as an alternative marketplace, but will be regulated as a multilateral trading facility effective January 3, 2018). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq 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.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to over 4,000 total listings with a market value of approximately $15 trillion. To learn more, visit business.nasdaq.com.