Reykjavik, March 28, 2019 — Nasdaq (Nasdaq: NDAQ) announces that Kvika Bank (short name: KVIKA), a small cap company within the financial sector, today will start trading of its shares on the main market of Nasdaq Iceland. Kvika Bank (“Kvika”) was previously listed on Nasdaq First North Iceland and is the 11th company to list on Nasdaq’s Nordic markets* in 2019.
Kvika is a specialized bank focusing on asset management and investment services. The Bank operates four business segments, Asset Management, Corporate Finance, Corporate Banking and Capital Markets. Kvika provides businesses, investors and individuals with comprehensive investment banking and asset management services, as well as selected banking services. Kvika’s Asset Management has an established reputation and offers solutions covering all major asset classes, including fixed-income securities, equities, and alternative investments in both domestic and international markets. Kvika is a member of the Nasdaq Iceland, Nasdaq Stockholm and Nasdaq Copenhagen. Kvika’s headquarters are in Reykjavík, Iceland. For more information, please visit www.kvika.is
“Kvika’s first year on Nasdaq First North has proved to be very successful,“ said Ármann Thorvaldsson, CEO of Kvika Bank. “Our financial position is very solid and our operations are strengthening with the acquisition of GAMMA Capital Management earlier this month. Furthermore, our shareholder base has enlarged considerably, making it our next natural next step to list on the main market. This is an exciting time for the company and our shareholders.”
“We are very pleased to welcome Kvika to the Nasdaq Iceland main market,” said Pall Hardarson, President at Nasdaq Iceland. “Kvika entered our First North market only last year and quickly demonstrated its ability to grow. The company is an example of how it is possible to grow strategically on Nasdaq First North before making the step to the main market for further growth and visibility. Kvika is the first company to list on Nasdaq Iceland’s main market this year. We look forward to supporting them on their journey going forward.”
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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