STOCKHOLM, Sweden, March 24, 2010 (GLOBE NEWSWIRE) -- NASDAQ OMX (Nasdaq:NDAQ) announces that Arise Windpower AB (Stockholm:AWP), a mid cap company within the Utilities sector, today starts trading of its shares on the main market of NASDAQ OMX Stockholm. Arise Windpower is the third company to list on NASDAQ OMX Nordic markets in 2010, and the first IPO this year.
Founded in 2006, Arise Windpower is one of Sweden's leading land-based wind power companies. Its business concept is to sell electricity produced by its own land-based wind turbines in southern Sweden. Arise Windpower's goal is to produce around 2 TWh of environmentally-friendly electricity per year by 2014, equivalent to Sweden's total domestic wind power expansion at year-end 2008.
Jenny Rosberg, Senior Vice President at NASDAQ OMX, said, "Arise Windpower will make a valuable addition to our utilities sector and to our European investor community. We look forward to providing Arise with the strong liquidity, investor exposure and services that NASDAQ OMX offers to our listed companies."
Peter Nygren, CEO of Arise Windpower, commented, "We are pleased with the great interest in Arise Windpower and the confidence the investors have demonstrated in our ability to create good returns for the shareholders. The new share issue and the listing of Arise Windpower's shares on NASDAQ OMX Stockholm enable the continuation of the rapid expansion of the company's wind power portfolio."
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