NASDAQ STOCKHOLM WELCOMES FOOTWAY GROUP TO FIRST NORTH
Stockholm, July 13, 2015 — Nasdaq (Nasdaq: NDAQ) announces that the trading in Footway Group AB’s preference shares (short name: FOOT PREF) commenced today on Nasdaq First North in Stockholm. Footway belongs to the Consumer Services sector and is the 65th company to be admitted to trading on Nasdaq’s Nordic markets* in 2015.
Founded in 2010, Footway is a Swedish e-commerce company focusing exclusively on shoes. The company currently sells more than 650 different shoe brands to customers across Sweden, Finland, Norway and Denmark. Since its start, Footway has grown rapidly both organically and through acquisitions, and the company currently has 35 employees. In 2014, Footway reported revenues of 222 MSEK, representing an annual growth of 151 percent. For more information, please visit www.footway.se
“We are pleased to have been admitted for trading at Nasdaq First North”, said Footway founder and CEO Daniel Mühlbach. ”The listing will increase the accessibility, and hence interest, of Footway as a company. It is also an exciting milestone in Footway’s journey, a journey that has only just begun. I look forward to continue building Footway together with our new shareholders, the Footway team and of course with our customers.”
“We welcome Footway to Nasdaq First North and to our family of companies,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “Nasdaq First North continues to attract entrepreneurial growth companies, and Footway is a perfect example of exactly that.”
Footway Group AB has appointed Erik Penser Bankaktiebolag as the 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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