Stockholm, December 14, 2016 — Nasdaq (Nasdaq: NDAQ) announced that B3IT Management AB (short name: B3IT), a small cap company within the technology sector, has started trading of its shares on the main market of Nasdaq Stockholm. B3IT is the 84th company to list at 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 360 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 visitwww.b3it.se.
“Encouraged by the positive response from the investment community, including more than half of B3IT’s employees, we are pleased to deliver on our promise to move to the main market,” said Sven Uthorn, CEO of B3IT. “The intent is to enable broader institutional ownership and increased share liquidity. This marks a milestone in our continuous effort to develop B3IT as a high-performance growth company within IT and Management Consulting.”
“We welcome B3IT to the Nasdaq Stockholm main market,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “We congratulate B3IT on its successful switch from First North Premier, and we look forward to supporting the company with the increased visibility that comes with a main market listing.”
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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