Stockholm, June 13, 2016 — Nasdaq (Nasdaq: NDAQ) announces that the trading in B3IT Management AB’s shares (short name: B3IT) commenced today on Nasdaq First North Premier in Stockholm. B3IT belongs to the technology sector and is the 40th company to be admitted to trading on Nasdaq’s Nordic markets* in 2016.
Founded in 2003, B3IT is a consulting firm specialized in delivering IT and Management services to clients across Sweden. The company currently employs more than 300 consultants with experience from a wide range of fields, including database management, system development, infrastructure and cloud, telecom management, healthcare, finance and mobility. Headquartered in Stockholm, Sweden, B3IT has additional offices in Gothenburg, Sundsvall, Örebro, Borlänge and Malmö. For more information, please visit www.b3it.se.
“Since the beginning in 2003, B3IT has had an unbroken line of growth, both in terms of turnover and number of employees,” said Sven Uthorn, CEO of B3IT. “In a market where the ability to drive change through IT is crucial to competitiveness and efficiency, our more than 300 consultants offer specialist expertise, solid experience and ability to achieve results. Our focus now is to continue to develop our business, strengthen our offering and build continued success both with and for the best consultants. The public listing and broadening of ownership in B3IT is an important next step and we are pleased to see the enormous interest in B3IT's shares as we now welcome approximately 6000 new shareholders.”
“We welcome B3IT to Nasdaq First North Premier,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “B3IT joins our vibrant technology sector, and we look forward to supporting the company with the increased investor visibility that comes with a First North Premier listing.”
B3IT Management AB has appointed FNCA Sweden AB as Certified Adviser.
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic (Nasdaq First North Denmark is regulated as an alternative marketplace). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq 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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