March 10, 2015 - Nasdaq (Nasdaq: NDAQ) announced that trading in Piippo Oyj shares (short name: PIIPPO) commenced today on First North in Helsinki. The company belongs to the Industrials sector. Nasdaq First North is a Multilateral Trading Facility (MTF) aimed towards emerging growth companies and is operated by Nasdaq Nordic exchanges.
Piippo Oy is one of the most important rope, twine and net wrap manufacturers in Northern Europe. Piippo Oyj's main products are currently agricultural twines and net wraps, consumer products and B-to-B special products. Piippo Oyj's headquarters and factory are located in Outokumpu, Finland. For more information please visit www.piippo.fi
“We would like to thank all the investors who participated in our initial public offering. The successful completion of the IPO strengthens the financial position of our company giving us flexibility to consider business transactions and to expand our capacity in our important business areas. With the IPO we are seeking to fuel faster company growth. I want to encourage other companies to consider listing as a valuable funding alternative to fuel future growth. With the help of the stock exchange and our advisors, the listing process was easier than I expected,”says Kari Hirvonen, CEO of Piippo Oyj.
“We are excited to welcome Piippo Oyj to Nasdaq First North where Piippo will already be the 11th company in Helsinki,” said Lauri Rosendahl, President of Nasdaq Helsinki. “Piippo will make a great addition to our Industrials sector, and we look forward to a long-standing partnership with the company and its shareholders.”
Adam Kostyál, Senior Vice President and Head of listings at Nasdaq Nordic said: “We are pleased to see a strong progress of First North across our Nordic markets. The listing of Piippo Oyj is already the thirteenth company to be admitted to trading on Nasdaq’s Nordic markets* in 2015.
Piippo Oyj has appointed UB Capital Oy as its Certified Adviser.
*Main markets and 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. 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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