Stockholm, December 2, 2015 — Nasdaq (Nasdaq: NDAQ) announced that Scandic Hotels Group AB (short name: SHOT), a mid cap company within the consumer services sector, has started trading of its shares on the main market of Nasdaq Stockholm. Scandic is the 86th company to list at Nasdaq’s Nordic markets* in 2015.
Scandic, founded in 1963, is the largest Nordic hotel operator with a strong network in the Nordic region and selective coverage in Germany, Poland and Belgium. In total Scandic’s network encompasses 224 hotels and almost 42,000 hotel rooms in seven countries. Scandic has a diversified hotel portfolio, with more than 95 percent of the rooms in the Nordic countries, providing customers with access to quality hotel with a complete product range including hotel accommodations, restaurants and meeting facilities in all key business and leisure destinations throughout the region. Scandic has the largest loyalty program in the Nordic hotel industry, ‘Scandic Friends’, with over 1.6 million members. Scandic employs approximately 14,000 people and is headquartered in Stockholm, Sweden. Scandic’s mission is to create great hotel experiences for the many people. For more information, please visit www.scandichotelsgroup.com.
“We are extremely happy about the positive reception we have received from institutional investors – in Sweden and abroad – and the general public,” said Frank Fiskers, President and CEO of Scandic Hotels Group. “It is a confirmation of our leading market position, the quality of our company and our ability to generate profitable growth. The listing is a key milestone for the company and my team and I are looking forward to realizing our ambitions going forward together with our new shareholders.”
“We are excited to welcome Scandic to the Nasdaq Stockholm main market,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “Scandic will make a strong addition to our vibrant consumer services sector, and we look forward to supporting the company with the increased investor visibility that comes with a main market listing.”
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. 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 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,600 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit nasdaq.com/ambition or 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 OMX Copenhagen A/S, Nasdaq OMX Helsinki Ltd., Nasdaq OMX Iceland hf., Nasdaq OMX Riga, AS, Nasdaq OMX Stockholm AB, Nasdaq OMX Tallinn AS, AB Nasdaq OMX Vilnius, Nasdaq OMX Clearing AB, Nasdaq OMX 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:
Christina Malmberg Hägerstrand
+46 8 405 65 83
Nasdaq Press Center
Read the latest press releases, request a press kit, and get in touch with our press team.