Stockholm, April 11, 2019 — Nasdaq (Nasdaq: NDAQ) announces that Karnov Group AB (short name: KAR), a mid cap company within the consumer services sector, today will start trading of its shares on the main market of Nasdaq Stockholm. Karnov Group (“Karnov”) is the 16th company to list on Nasdaq’s Nordic markets* in 2019.
Karnov is a leading provider of information services and products in the areas of legal, tax and accounting and environmental, health and safety in Denmark and Sweden. Karnov’s vision and mission is to become an indispensable partner for all legal, tax and accounting professionals in Denmark and Sweden and enable its users to make better decisions – faster. With a very high share of subscription-based online services, Karnov provides mission-critical information to more than 60,000 users across law and accounting firms, corporates and public sector entities, including courts, public authorities, municipalities and universities. Karnov was founded in 1924 and employs more than 240 people at its offices in Copenhagen, Stockholm and Malmö.
“As part of the investor roadshow we have been to all major European financial centers as well as to New York, and we are pleased to have such a strong investor base to support our start as a public company,” said Flemming Breinholt, CEO of Karnov Group. “Now I’m looking forward to seize the possibilities that a listed environment entails to continue developing the Karnov Group, and deliver on the faith placed in us by our customers and shareholders.”
“We are excited to welcome Karnov to the Nasdaq Stockholm main market, where it will make a strong addition to our consumer services sector,” said Adam Kostyál, SVP and Head of European listings at Nasdaq. “Karnov operates in an exciting and promising field, and we look forward to stand by the team on its continued journey in the public market.”
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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