November 14, 2014 - Nasdaq (Nasdaq: NDAQ) announced that trading in Nexstim Plc shares commenced today on First North both in Helsinki (NXTMH) and in Stockholm (NXTMS). The company belongs to the Health Care sector, and is the 40th company to be admitted to trading on First North Nordic markets (Stockholm, Helsinki, Copenhagen and Iceland) in 2014. This is the first time a company is dual-listed simultaneously on two Nasdaq marketplaces.
Nexstim, formed in 2000 and based in Finland, is a medical technology company aiming to improve rehabilitation for stroke patients. Nexstim has pioneered its technology in brain diagnostics with the Navigated Brain Stimulation (NBS) system as the first and only FDA-cleared and CE-marked navigated Transcranial Magnetic Stimulation (nTMS) device for pre-surgical mapping of the motor and speech cortices. Based on the same technology platform, the company has developed a device for stroke therapy called Navigated Brain Therapy (NBT®). For more information please visit www.nexstim.com .
”The public trading of Nexstim’s shares on First North in Helsinki and Stockholm is a significant step in the growth of Nexstim, said Janne Huhtala, CEO at Nexstim. “The high interest in the IPO is a testament to the investor appetite for our unique medical technology for navigated brain stimulation. We are delighted to welcome our new investors and would like to thank them, and existing shareholders, for their support. We look forward to updating the markets on our Phase III multi-centre trial for NBT in stroke rehabilitation which continues to progress well.”
“We are excited to welcome Nexstim to First North and to our healthcare sector,” said Adam Kostyál, Senior Vice President and head of European listings at Nasdaq. “Nexstim's dual listing allows the company to broaden their shareholderbase across two key markets and we hope that other companies will follow their example in order to optimize investor reach. “
“We congratulate Nexstim on their dual listing today, and look forward to a long-standing partnership with the company and its shareholders,” said Lauri Rosendahl, President of Nasdaq Helsinki.
Nexstim Plc has appointed UB Capital Ltd as Certified Adviser.
About First North
First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of 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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