Stockholm, November 30, 2017 — Nasdaq (Nasdaq: NDAQ) announces that the trading in Sivers IMA Holding AB’s shares (short name: SIVE) commenced today on Nasdaq First North in Stockholm. Sivers IMA Holding (“Sivers IMA”) belongs to the industrial sector and is the 101st company to be admitted to trading on Nasdaq’s Nordic markets* in 2017.
Sivers IMA is an internationally renowned supplier of chips for wireless and fiber communication within the Tele- and Datacom markets. The wholly owned subsidiaries Sivers IMA AB and CST Global Ltd develop, manufacture and sell cutting-edge chips, components, modules and subsystems based on proprietary advanced semiconductor technology in microwave, millimetre wave and optical semiconductors. Sivers IMA was founded in 1951 and has its headquarters in Stockholm, Sweden. For more information, please visit www.siversima.com.
“Sivers IMA is in an exciting growth phase, addressing markets that are expected to have triple digit growth over the coming two to three years,” said Anders Storm, CEO at Sivers IMA. “Therefore, moving to a European growth platform like Nasdaq First North will increase our visibility and attract more private as well as new institutional investors.”
“We welcome Sivers IMA to Nasdaq First North, our European growth market,” said Adam Kostyál, SVP and Head of European listings at Nasdaq. “Sivers IMA joins our vibrant industrial sector and we look forward to support them with the increased visibility that comes with a Nasdaq First North listing.”
Sivers IMA Holding 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.
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