Stockholm, October 6, 2017 — Nasdaq (Nasdaq: NDAQ) announced that Balco Group AB (short name: BALCO), a small company within the industrial sector, has started trading of its shares on the main market of Nasdaq Stockholm. Balco Group (“Balco”) is the 82nd company to list at Nasdaq’s Nordic markets* in 2017.
Founded in 1987, Balco is a provider of innovative, patented and energy-saving balcony solutions to customers across Northern Europe. The company’s core expertise is to deliver glazed balconies and balcony solutions, primarily on the renovation market and to tenant-owner associations. Balco is headquartered in Växjö, Sweden and has 18 additional sales offices in seven countries across Northern Europe. For more information, please visit www.balcogroup.se.
“I am very pleased and proud about the strong interest in Balco demonstrated by the public and institutional investors during the listing process”, said Kenneth Lundahl, CEO of Balco Group. “We in the management team welcome our new shareholders and are very positive about the additional growth opportunities that the listing will enable. As CEO I look forward to continue our journey as a listed company and continue to create value for both existing and new shareholders.”
“We welcome Balco to the Nasdaq Stockholm main market,” said Adam Kostyál, SVP and Head of European listings at Nasdaq. “Balco joins our strong and vibrant industrial sector, and we are proud to stand by them on their journey as a public company.”
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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