Stockholm, November 18, 2016 — Nasdaq (Nasdaq: NDAQ) announces that the trading in Gapwaves AB’s shares (short name: GAPW B) commenced today on Nasdaq First North in Stockholm. Gapwaves belongs to the Technology sector and is the 69th company to be admitted to trading on Nasdaq’s Nordic markets* in 2016.
Gapwaves AB was founded in 2011 by Professor Per-Simon Kildal at Chalmers University of Technology in Gothenburg, Sweden, with the aim of enabling efficient wireless communication through the patented GAP waveguide technology. Gapwaves AB develops waveguide and antenna products to meet the increasing need for high performance wireless systems. The company is present in the markets for telecommunications, automotive radars, surveillance systems, and space observatories. The company is based in Gothenburg with clients all over the world. For more information, please visit www.gapwaves.com.
“In early 2016 we decided to finance the acceleration of Gapwaves’ potential through an IPO on First North. Today we feel excited and confident that this was the right decision for the company and we look forward to sharing the future with our new shareholders”, said Lars-Inge Sjöqvist, CEO at Gapwaves AB.
“We welcome Gapwaves to Nasdaq First North, one of Europe’s most liquid growth markets,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “Gapwaves is an exciting, innovative company and we look forward to supporting it with the visibility and investor exposure that comes with a First North listing.”
Gapwaves AB has appointed G&W Kapitalförvaltning AB 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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