Copenhagen, June 29, 2018 — Nasdaq (Nasdaq: NDAQ) announces that trading in Odico A/S’ shares (short name: ODICO) commences today on Nasdaq First North in Denmark. Odico belongs to the ICB sector 2000 – industrials and is the 7th company to be admitted to trading on Nasdaq Copenhagen’s markets this year, and the 51st company to be admitted to trading on Nasdaq’s Nordic markets* in 2018.
Odico is the first Danish robotics technology company that is admitted to trading on Nasdaq First North. Since its foundation in 2012, the company has developed a revoluationary software and robotics technology targeting the construction and building sectors. The company manufactures formwork for the construction and wind turbine industries, and its solutions enable an extended capacity to produce complex, architectural geometries that would otherwise be costly to realize, quickly and cost-effectively. For more information, please visit www.odico.dk.
”Odico’s vision is to use robotics technology to transform the global construction industry, which is one of the least automated industries,” said Anders Bundsgaard, CEO of Odico. “With that vision in one hand and our listing as a milestone in the other hand, we have been looking forward to the first trading day at Nasdaq First North in Copenhagen. We would like to thank all new shareholders for your trust in us, we will work diligently to meet both your and our own expectations.”
“We are proud to welcome Odico to Nasdaq Copenhagen,” said Adam Kostyál, SVP and Head of European Listings, Nasdaq. “Odico’s IPO leads the way for other robotics and tech company startups, who on top of raising capital will benefit from the increased visibility that a Nasdaq listing brings. With more than 70 percent of total equity turnover coming from outside the Nordics, Nasdaq’s Nordic market is a unique showcase opportunity to the high street of the capital markets, where investors today find an attractive opportunity to diversify in the growing Danish industrial sector on a transparent and regulated market.”
Odico A/S has appointed Kapital Partner ApS 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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