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Published: 2021-03-25 08:30:00 CET
Nasdaq Nordic
Investor News

Nasdaq Helsinki welcomes Sitowise Group

Mar 25, 2021 – Nasdaq (Nasdaq: NDAQ) announces that trading in Sitowise Group Plc shares (short name: SITOWS) commence today on the prelist of Nasdaq Helsinki. Sitowise Group is a mid cap company within the Industrials sector. The company’s shares are estimated to move to the Main Market of Nasdaq Helsinki on March 29, 2021. Sitowise is the 28th company to be admitted to trading on Nasdaq’s Nordic markets* this year, and it represents the fifth listing on Nasdaq Helsinki in 2021.

Sitowise is a Nordic expert in the built environment that offers sustainable design and consulting services. Sitowise operates in various size projects to enable more responsible and smarter urban development as well as smooth transportation. Sitowise offers its services in the following areas: Buildings, Infrastructure and Digital Solutions. Sitowise’s operations are primarily in Finland and Sweden, and it also has competence centers in Estonia and Latvia mainly serving Sitowise’s projects in Finland and Sweden. The Company’s net sales was approximately EUR 160 million in 2020 and the company employs over 1,900 experts. For more information

”The interest and excitement around Sitowise’s IPO has been impressive, and we are truly thankful for it. We believe that designing sustainable and smart living environments is a business of the future, if any. Based on the feedback we have received, investors seem to share this view. We are especially overwhelmed by the active participation of our employees in the personnel offering. More than 800 Sitowise employees subscribed shares in the personnel offering, which means that more than half of all Sitowise employees are also company shareholders after the listing. The support of our top professionals is a strong basis for taking Sitowise to the next level.”” says Pekka Eloholma, CEO of Sitowise Group.

“We are proud to welcome the Sitowise Group to Nasdaq Helsinki”, said Henrik Husman, President of Nasdaq Helsinki. “The strong investor interests towards the company’s IPO proves that the company’s aim to be the most sustainable and responsible partner in the industry in developing a prosperous living environment was well received among investors. We look forward to a long-standing partnership with the company and its shareholders.”

*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm

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