press center press release

Nasdaq Stockholm Welcomes SeaTwirl to First North


Stockholm, December 22, 2016 — Nasdaq (Nasdaq: NDAQ) announces that the trading in SeaTwirl AB’s shares (short name: STW) commenced today on Nasdaq First North in Stockholm. SeaTwirl belongs to the Oil & Gas sector and is the 91st company to be admitted to trading on Nasdaq’s Nordic markets* in 2016.

Founded in 2012, SeaTwirl is a company developing a floating offshore wind turbine customized for the ocean. By using a vertical axis wind turbine, SeaTwirl’s technology can generate electricity regardless of the wind’s direction and by floating it is not limited to shallow waters. SeaTwirl is headquartered in Gothenburg, Sweden, and has its test site in Lysekil on the Swedish west coast. For more information, please visit

“We are very pleased to have been fully subscribed and we look forward to an exciting future where we will develop a full-scale SeaTwirl unit,” said Gabriel Strängberg, CEO of SeaTwirl. “The market for offshore wind energy is a very large and rapidly growing market, where no floating wind turbines have been commercialized yet. SeaTwirl will deliver a competitive solution for sustainable power generation which makes us believe in a positive future for our company. The listing on Nasdaq First North Stockholm is a natural step for us to invite people to take part in this journey.”

“We welcome SeaTwirl to Nasdaq First North,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “We congratulate SeaTwirl on its listing and are excited to see yet another example of an innovative company utilizing Nasdaq First North as a platform for future growth.”

SeaTwirl AB has appointed Mangold Fondkommission 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.

About Nasdaq

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 3,700 listed companies with a market value of $10.0 trillion and approximately 18,000 corporate clients. To learn more, visit: or

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
Erik Granström
+46 73 449 78 07

In This Story

Nasdaq Press Center

Read the latest press releases, request a press kit, and get in touch with our press team.

learn more