Nasdaq Stockholm welcomes 24 Storage to the Nasdaq First North Growth Market
Stockholm, December 10, 2019 – Nasdaq (Nasdaq: NDAQ) announces that the trading in 24 Storage AB’s shares (short name: 24STOR) will commence today on the Nasdaq First North Growth Market in Stockholm. 24 Storage belongs to the consumer services sector and is the 58th company to be admitted to trading on Nasdaq’s Nordic markets* in 2019.
Founded in 2015, 24 Storage is a self-storage company headquartered in Stockholm, Sweden. The company’s portfolio includes more than 10.000 storage units spread across 23 different self-storage centers in nine cities. Its real estate portfolio is currently valued at around 1 billion SEK. 24 Storage invests in its digital client experience and aims to lead the digitalization of the self-storage industry.
“I am both pleased and proud, this will strengthen our capability to continue our expansion program and build our brand awareness even further”, said Fredrik Sandelin, CEO of 24Storage. “Our offering is a service for the growing cities of tomorrow, a key to people’s quality of life in urbanization. We are proud of our profile and offering and are very happy of the great response we have received in investor meetings during the last months. We are looking forward to an exciting future for 24Storage.”
”We welcome 24 Storage to the Nasdaq First North Growth Market,” said Adam Kostyál, SVP and Head of European Listings, Nasdaq. “We continue to see an inflow of innovative companies leveraging the Nasdaq First North Growth Market as a platform for continued growth, and we look forward to support 24 Storage for many years to come.”
24 Storage AB has appointed Arctic Securities AS, filial Sverige as the Certified Adviser.
*Main markets and the Nasdaq First North Growth Market at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm
About Nasdaq First North Growth Market
Nasdaq First North Growth Market is a registered SME growth market, as defined by the Directive on Markets in Financial Instruments (EU 2014/65). It does not have the legal status as an EU-regulated market. Listed companies are subject to the rules of Nasdaq First North Growth Market and not the legal requirements for admission to trading on a regulated market, such as the Nasdaq Nordic Main Market. The risk in such an investment may be higher than on the main market.
The Premier segment within Nasdaq First North Growth Market is designed to further assist companies in raising investor visibility and to prepare them for a Main Market listing. The Premier segment targets companies that make a conscious decision to comply with higher disclosure and accounting standards than imposed under the Nasdaq First North Growth Market rules.
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