Stockholm, June 5, 2014 — NASDAQ OMX (NASDAQ: NDAQ) announces that the trading in Akelius Residential AB (AKEL PREF) preference shares commenced today on First North at NASDAQ OMX Stockholm. Akelius belongs to the Financials sector and is the 17th company to be admitted to trading on First North’s Nordic markets (Stockholm, Helsinki, Copenhagen and Iceland) in 2014.
Akelius Residential is a Swedish real estate company. Founded in 1994 Akelius today has 43,000 apartments at a total market value of 47 billion SEK. Sweden is today the company’s largest market representing around 57 percent of the total real estate value. The company’s main business focus is to manage residential properties in attractive, in-demand areas in large and growing cities. The company owns properties in Sweden, Germany, Canada and United Kingdom. For more information, visit www.akelius.se.
“We are excited about the great interest from investors in our preference shares. The listing on NASDAQ OMX First North is a milestone for Akelius and will lead to greater awareness of our company,” said Pål Ahlsén, CEO of Akelius Residential AB. “Our focus on residential properties in good locations in greater cities coupled with upgrading of apartments to First Class has proven to be profitable. Investors, both private and institutional, seem to appreciate this.”
“We welcome Akelius to NASDAQ OMX and to our First North market, where we continue to see a steady inflow of new and exciting companies,” said Adam Kostyal, Senior Vice President at NASDAQ OMX. “Akelius will make a great addition to our vibrant real estate segement and we look forward to supporting their continued journey as a publicly traded company.”
Akelius Residential AB is using Avanza Bank AB as Certified Adviser.
To view an interview from today’s listing ceremony click here.
About First North
First North is regulated as a multilateral trading facility, operated by the different exchanges within NASDAQ OMX 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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