Stockholm, October 1, 2015 — Nasdaq (Nasdaq: NDAQ) today announced the launch of First North 25, a new index for the 25 largest and most traded shares on Nasdaq First North and Nasdaq First North Premier. The First North 25 index will be launched and disseminated on October 15, 2015, and is an important part of Nasdaq’s continuous efforts to provide the leading platform for growth companies.
“Supporting small and medium sized enterprises is a part of our Nasdaq DNA”, said Adam Kostyál, Senior Vice President and European Head of Listings. “By launching First North 25, we want to highlight the growing investment opportunities on Nasdaq First North to a broader group of institutional investors, and provide further visibility for companies included in the index.”
Companies included in First North 25 are selected through a two-step process. Firstly, the 30 largest companies measured by market capitalization are selected. The 25 most traded shares within this pool, measured by aggregated trading turnover over a six month period, are selected for the index. The First North 25 portfolio will be reviewed twice a year with new portfolios being effective the first trading day in January and July.
With the First North 25 launch, Nasdaq also introduces four local country indexes for the Nordic markets; First North Sweden, First North Finland, First North Denmark and First North Iceland. The four indices will include shares traded on the respective markets, and are designed to add further visibility for Nasdaq First North in the Nordics.
“Since its launch in 2005, Nasdaq First North has grown significantly and is now home to more than 200 growth companies”, said Adam Kostyál. “Studies show that job creation in small and medium sized companies increase greatly after listing. Providing these companies with visibility and an attractive platform for raising capital is essential for the future growth of our economies.”
First North Sweden, First North Finland, First North Denmark and First North Iceland will be launched and start disseminating on October 15, 2015. A detailed description of the selection criteria for the new indices can be found here.
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,600 listed companies with a market value of over $9.6 trillion and more than 10,000 corporate clients. To learn more, visit nasdaq.com/ambition or business.nasdaq.com.
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq OMX Copenhagen A/S, Nasdaq OMX Helsinki Ltd., Nasdaq OMX Iceland hf., Nasdaq OMX Riga, AS, Nasdaq OMX Stockholm AB, Nasdaq OMX Tallinn AS, AB Nasdaq OMX Vilnius, Nasdaq OMX Clearing AB, Nasdaq OMX Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.
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The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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|Christina Malmberg Hägerstrand|
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