Nasdaq Stockholm Welcomes Aros Bostadsutveckling to First North
Stockholm, November 19, 2018— Nasdaq (Nasdaq: NDAQ) announces that the trading in Aros Bostadsutveckling AB’s preference shares (short name: AROS PREF) will commence today on Nasdaq First North in Stockholm. Aros Bostadsutveckling (“Aros Bostad”) belongs to the financial sector (sub sector: real estate) and is the 65th company to be admitted to trading on Nasdaq’s Nordic markets* in 2018.
Aros Bostad is a real estate company specialized in residential properties. Aros Bostad’s business concept is to acquire, develop and/or convert commercial properties into residential properties, and the company currently has 24 ongoing development projects in its portfolio, representing around 3,400 apartments. Aros Bostad is headquartered in Stockholm, Sweden and operates in the Mälardalen region, in particular in the greater Stockholm area. For more information, please visit www.arosbostad.se.
“Aros is a long term oriented company with a strong project portfolio, operating in a market with a documented housing shortage,” said Magnus Andersson, CEO of Aros Bostad. “The listing of our preferences shares represents yet another step in our growth plan, and we look forward to continuing to develop the company in a public environment.”
”We welcome Aros Bostad to Nasdaq First North,” said Adam Kostyál, SVP and Head of European Listings, Nasdaq. “Aros Bostad will join many real estate sector peers, and we look forward to supporting them on their continued journey as a publicly traded company.”
Aros Bostadsutveckling AB has appointed Erik Penser Bankaktiebolag as the Certified Adviser.
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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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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