Stockholm, August 5 2014 — NASDAQ OMX (NASDAQ: NDAQ) announces that the trading in DDM Holding AG (shortname: DDM) shares commenced today on First North at NASDAQ OMX Stockholm. DDM Holding belongs to the Financials sector and is the 28th company to be admitted to trading on First North’s Nordic markets (Stockholm, Helsinki, Copenhagen and Iceland) in 2014.
DDM Holding AG is a multinational investor in portfolios of distressed assets. DDM’s customer base consists primarily of international banks with lending operations in Eastern Europe.The majority of the portfolios that DDM has invested in derive from Russia and Romania.
The company was formed in 2007 by individuals who had previously built a similar business with leading companies in the industry of non-performing loans. While headquartered in Baar, Switzerland, DDM has strong ties to Sweden, with Swedish members of the Board, as well as management. For more information, visit www.ddm-group.ch.
”To be listed at Nasdaq OMX First North is an important step in the development of DDM,” said Gustav Hultgren, CEO at DDM Holding AG. “We are actively seeking new market opportunities in Eastern Europe, where we have a strong position. With a strengthened long-term capital structure we will be able to continue investing with the purpose to generate shareholder value. A listing will also add credibility in our discussions with new customers, as well as national regulators and authorities.”
“We welcome DDM Holding to NASDAQ OMX First North,” said Adam Kostyal, Senior Vice President at NASDAQ OMX. “The company will be strong contribution to our Financials sector.”
DDM Holding AG has appointed Pareto Securities 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.
About NASDAQ OMX Group
NASDAQ OMX (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX 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 approximately 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,400 listed companies with a market value of over $8.5 trillion and more than 10,000 corporate clients. NASDAQ OMX Nordic is not a legal entity but describes the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm and Iceland. NASDAQ OMX Nordic is not a legal entity but describes the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm and Iceland. To learn more, visit www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
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 futures products to be traded on NFX and NASDAQ OMX's other 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 OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX'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.
Media Relations Contact:
+46 (0) 8 405 6639
Nasdaq Press Center
Read the latest press releases, request a press kit, and get in touch with our press team.