Nasdaq Stockholm Welcomes I-Tech to First North
Stockholm, May 28, 2018— Nasdaq (Nasdaq: NDAQ) announces that the trading in I-Tech AB’s shares (short name: ITECH) will commence today on Nasdaq First North in Stockholm. I-Tech belongs to the Basic Materials sector and is the 32nd company to be admitted to trading on Nasdaq’s Nordic markets* in 2018.
I-Tech is a biotechnology company that owns all IP and regulatory rights to the antifouling agent Selektope. I-Tech also controls the largest and most efficient source of medetomidine production. The company’s business concept is to offer its technology to the global paint industry as the principal active agent in marine antifouling paints, and its vision is to establish Selektope as the leading alternative biocide to prohibit marine growth in an effective and sustainable way. I-Tech is headquartered in Mölndal, Sweden. For more information, please visit www.i-tech.se.
“We are honoured to be accepted by Nasdaq as an innovative company in the basic material sector,” said Philip Chaabane, CEO of I-Tech AB. “To be listed on Nasdaq First North brings several advantages for I-Tech in its continued growth within the global marine industry.”
”We congratulate I-Tech on its successful Nasdaq First North listing,” said Adam Kostyál, SVP and Head of European Listings, Nasdaq. “I-Tech will make a compelling addition to our basic materials sector, and we look forward to stand by them on their continued journey as a Nasdaq listed company.”
I-Tech AB has appointed Erik Penser Bank AB as the Certified Adviser.
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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 regulated as an alternative marketplace). 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.
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