Nasdaq Stockholm Welcomes Magnolia Bostad to the Main Market
Stockholm, June 20, 2018 — Nasdaq (Nasdaq: NDAQ) announces that Magnolia Bostad AB (short name: MAG), a mid cap company within the financial sector (sub sector: real estate), today will start trading of its shares on the main market of Nasdaq Stockholm. Magnolia Bostad was previously listed on Nasdaq First North Premier and is the 43rd company to list on Nasdaq’s Nordic markets* in 2018.
Magnolia Bostad AB develops new residential properties, including rental apartments, tenant-owned apartments, residential care housing, hotels and student housing, in attractive locations in Sweden’s growth areas and major cities. The company’s work is based on a holistic approach where the operations are conducted in a manner that promotes long-term, sustainable urban development. Magnolia Bostad is headquartered in Stockholm, Sweden. For more information, please visit www.magnoliabostad.se.
"The listing is a confirmation that Magnolia Bostad has had a fantastic journey over the recent years,” said Fredrik Holmström, Founder and Chairman of the Board of Directors, Magnolia Bostad. “With the platform we have built, we will continue to generate skills, capital and new business to the company.”
“We welcome Magnolia Bostad to the Nasdaq Stockholm main market,” said Adam Kostyál, SVP and Head of European listings at Nasdaq. “We are excited to see a continued flow of companies switching from Nasdaq First North to our main market, and we look forward to supporting Magnolia Bostad with the increased visibility and investor exposure that comes with a main market listing.”
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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