Stockholm, May 28, 2018— Nasdaq (Nasdaq: NDAQ) announces that the trading in I-Tech AB’s shares (short name: ITECH) will commence today on Nasdaq First North in Stockholm. I-Tech belongs to the Basic Materials sector and is the 32nd company to be admitted to trading on Nasdaq’s Nordic markets* in 2018.
I-Tech is a biotechnology company that owns all IP and regulatory rights to the antifouling agent Selektope. I-Tech also controls the largest and most efficient source of medetomidine production. The company’s business concept is to offer its technology to the global paint industry as the principal active agent in marine antifouling paints, and its vision is to establish Selektope as the leading alternative biocide to prohibit marine growth in an effective and sustainable way. I-Tech is headquartered in Mölndal, Sweden. For more information, please visit www.i-tech.se.
“We are honoured to be accepted by Nasdaq as an innovative company in the basic material sector,” said Philip Chaabane, CEO of I-Tech AB. “To be listed on Nasdaq First North brings several advantages for I-Tech in its continued growth within the global marine industry.”
”We congratulate I-Tech on its successful Nasdaq First North listing,” said Adam Kostyál, SVP and Head of European Listings, Nasdaq. “I-Tech will make a compelling addition to our basic materials sector, and we look forward to stand by them on their continued journey as a Nasdaq listed company.”
I-Tech AB has appointed Erik Penser Bank 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.
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 89 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to 3,800 total listings with a market value of $11 trillion. To learn more, visit: http://business.nasdaq.com
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Media Relations Contact
+46 73 449 78 07
Nasdaq Press Center
Read the latest press releases, request a press kit, and get in touch with our press team.