Stockholm, March 28, 2019 — Nasdaq (Nasdaq: NDAQ) announces that Nordic Entertainment Group AB (publ) (NENT Group) (short name: NENT A, NENT B), a large cap company within the consumer services sector, today will start trading of its shares on the main market of Nasdaq Stockholm. NENT Group is a spin-off from Modern Times Group MTG AB and is the 10th company to list on Nasdaq’s Nordic markets* in 2019.
NENT Group is the Nordic region’s leading entertainment provider. The company entertains millions of people every day with its streaming services, TV channels and radio stations, and its production companies create content that is experienced around the world. NENT Group makes life more entertaining by telling stories, touching lives and expanding worlds – from live sports, movies and series to music and original shows. NENT Group is headquartered in Stockholm, Sweden.
“This is an exciting day for NENT Group,” said Anders Jensen, President and CEO of NENT Group. “We have a clear vision to be the leading Nordic streaming service provider and content producer with a global appeal. The listing of our shares on Nasdaq reflects our ambition as a standalone company that has constantly challenged and innovated the entertainment industry. Today, less than half of the 12 million households in the Nordic region subscribe to a streaming service, and we expect that to rise quickly over the coming years as consumers continue to change the way they consume content.”
“We are excited to welcome NENT Group to the Nasdaq Stockholm main market” said Adam Kostyál, SVP and Head of European listings at Nasdaq. “NENT Group will make a strong addition to our consumer services sector, and we look forward to supporting the entire team on their continued journey as an independent, Nasdaq listed company.”
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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