On May 30th, the trading in TerraNet Holding AB’s shares (short name: TERRNT B) commenced on Nasdaq First North Premier in Stockholm.
TerraNet’s CEO, Pär-Olof Johannesson, rang the market bell at Nasdaq Stockholm Stock Exchange at the same time as the flash news went up on Nasdaq screens in central Stockholm and New York. The initial trade was very satisfying according to Nasdaq spokesmen and the share price developed well during the first day of trading.
“We welcome TerraNet to our European growth market, Nasdaq First North. Nasdaq First North continues to see an inflow of innovative technology companies, and TerraNet is a perfect example of that.” said Adam Kostyál, SVP and Head of European listings at Nasdaq.
“We are very happy and proud with the great interest that has been shown in TerraNet during the IPO and listing process, both from our existing and new shareholders,” said Pär-Olof Johannesson, CEO of TerraNet. “We believe that the listing will have a positive impact on our customer and partner relations. We will now focus on our growth strategy with continued technology development and market expansion to deliver value to our shareholders.”
About Nasdaq First North Premier
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.