Oct 9, 2017 – Nasdaq (Nasdaq: NDAQ) announced that trading in Titanium Oyj shares (short name: TITAN) commenced today on Nasdaq First North Finland. The company belongs to the Financials 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. Titanium is the 83rd company to be admitted to trading on Nasdaq’s Nordic markets* in 2017, and it represents the tenth listing on Nasdaq Helsinki in 2017.
Titanium Oyj is a Finnish growth company focusing on special mutual funds in care real estate and housing as well as asset management services. Titanium is independent of banking groups. The company operates in the growing mutual fund and asset management markets. Titanium’s strategy is to be a forerunner through offering high quality and timely products based on the accumulated know-how in real estate investments. Titanium was founded in 2009. The net sales in 2016 reached 6.7 million euros and the operating profit before amortization of group goodwill was 3.5 million euros. For more information, www.titanium.fi
“We are happy with the strong interest the investors have shown in Titanium’s initial public offering, which was clearly oversubscribed. As a result of the IPO, we now have as many as 5,100 new shareholders. With the IPO, we aimed at strengthening our ownership together with an important amount of Finnish retail investors. Our target is to grow our net sales to 16 million euros in 2020 and we believe the IPO has supported this target. Our company and our products have received a lot of positive attention due to the public offering. We welcome all new shareholders and thank them for the trust they have placed in us”, Tommi Santanen, the CEO of Titanium comments.
“We warmly welcome Titanium to Nasdaq First North Finland,” said Henrik Husman, President of Nasdaq Helsinki. “The company is an interesting addition to our Financials sector and Nasdaq First North. We look forward to supporting the company with the investor exposure that comes with a Nasdaq First North listing”, said Henrik Husman, President of Nasdaq Helsinki.
Titanium has appointed Alexander Corporate Finance Oy as its Certified Adviser.
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm
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