Nasdaq Helsinki welcomes Nordic ID to Nasdaq First North Finland
November 30, 2018 – Nasdaq (Nasdaq: NDAQ) announces that trading in Nordic ID Plc shares (short name: NORDID) commence today on Nasdaq First North Finland. The company belongs to the Industrials sector. Nordic ID is the 73rd company to be admitted to trading on Nasdaq’s Nordic markets* in 2018, and it represents the 12th listing on Nasdaq Helsinki in 2018.
Nordic ID is a Finnish technology company offering PaaS (Platform as a Service) – cloud services focused on real time tracking, tracing and managing of assets flows and products. The company turnover in FY 1.4.2017-31.3.2018 was 8.9 MEUR, of which 83 % consisted of international sales. Nordic ID is profitable, with an EBITDA of 6% of the turnover; the company aims at further strengthening its position in Europe and increase its market share in North America and Asia. For more information: www.nordicid.com
“As a company we are satisfied with the result of the IPO, particularly when taking the challenging market situation into account. We are extremely delighted that our ownership base grew by 960 new private investors and a strong institutional investor. Especially, the private investors’ trust in our industry, company and strategy is promising. The IPO enables us to implement the next stage of our strategy as well as supports the achievement of our growth target. We wish to thank all those who participated in our IPO and bid all our new shareholders welcome to Nordic ID”, says Juha Reima, CEO of Nordic ID.
“We would like to extend a warm welcome to Nordic ID which is an interesting addition to our First North market. We congratulate Nordic ID on the completion of its IPO and look forward to a lasting partnership with the company and its shareholders”, said Henrik Husman, President of Nasdaq Helsinki.
Nordic ID Plc has appointed Aalto Capital Partners Oy as its 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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Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius
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