Nasdaq Iceland welcomes Kaldalón to Nasdaq First North
Reykjavík, August 30, 2019 – Nasdaq (Nasdaq:NDAQ) announces that trading in Kaldalón hf.’s shares (shortname: KALD) will commence today on Nasdaq First North in Iceland. Kaldalón belongs to the Financials sector. Kaldalón is the 38th company to be admitted to trading on Nasdaq’s Nordic markets* this year.
Kaldalón is a real estate development company specializing in the construction of residential real estate. The company has invested in numerous building plots in the capital area and has a unique collection of plots in landmark areas. Kaldalón has more than 850 apartments on the drawing board or in construction. Kaldalón’s long-term strategy is to build efficiently priced apartments that suit the needs of the public.
“It is a great pleasure for us to be listed on Nasdaq First North,” says Jónas Thor Thorvaldsson, CEO of Kaldalón. “The listing marks very exciting times ahead for the company as many projects are under construction or in preparation. Nasdaq First North provides the company with increased visibility and liquidity for our investors, which will support us on our mission to produce efficient housing that meets the needs of the public.”
“Kaldalón makes a great addition to Nasdaq First North,” says Pall Hardarson, President of Nasdaq Iceland. “We congratulate Kaldalón on its successful listing, and look forward to supporting the company on its journey to improve the residential housing market in Iceland. We congratulate everyone at Kaldalón as well as the company’s shareholders on the occasion.”
Kvika bank is the company’s 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 (MTF), 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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