Nasdaq Helsinki welcomes Efecte to Nasdaq First North Finland
Dec 8, 2017 – Nasdaq (Nasdaq: NDAQ) announce that trading in Efecte Plc shares (short name: EFECTE) commence today on Nasdaq First North Finland. The company belongs to the Technology sector. Nasdaq First North is a Multilateral Trading Facility (MTF) aimed towards emerging growth companies and is operated by Nasdaq Nordic exchanges, including Nasdaq Helsinki. Efecte is the 106th company to be admitted to trading on Nasdaq’s Nordic markets* in 2017, and it represents the 13th listing on Nasdaq Helsinki in 2017.
Efecte is a Finnish software company that provides cloud-based service and identity management software solutions, as well as related consultancy services. They simplify and improve the efficiency of managing the services, IT systems and infrastructure in an organization. Measured by number of customers, Efecte is one of the leading software vendors in its field to large, medium-sized and public organizations in Finland and the Nordic countries. The company was founded in 1998. In addition to Finland, it has operations in Sweden, Denmark, and Germany. Efecte employs around 90 professionals and had a turnover of 8.3 million euros in 2016. For more information: www.efecte.com.
"Our initial public offering succeeded well among institutional investors, retail investors, as well as our employees. I am very happy about the reception our IPO got, as we are one of the first Finnish software companies with a SaaS business model to seek listing. Our business model has not been familiar to everybody, so it has been nice to be able to explain it to investors. Our listing enables us to accelerate our international growth strategy and thus create value for our owners. I welcome new shareholders to join Efecte's journey of internationalisation. Warm thanks also to everybody who participated in the IPO," Efecte Plc's CEO Sakari Suhonen says.
“We would like to extend a warm welcome to Efecte which is an interesting addition to our First North market. We congratulate Efecte on the successful completion of its IPO and look forward to a lasting partnership with the company and its shareholders”, said Henrik Husman, President of Nasdaq Helsinki.
Efecte has appointed Evli Bank Plc as its Certified Adviser.
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm
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