Stockholm, April 6, 2017 — Nasdaq (Nasdaq: NDAQ) announced that SSM Holding AB (short name: SSM), a mid cap company within the financial sector (sub sector: real estate), has started trading of its shares on the main market of Nasdaq Stockholm. SSM Holding (“SSM”) is the 23rd company to list at Nasdaq’s Nordic markets* in 2017.
Founded in 1993, SSM is a residential property development company operating in the greater Stockholm area. The company’s business concept is to acquire, develop, sell and build smart and affordable homes with attractive common areas, close to public transport and the city center. In March 2017, SSM had close to 5,800 building permits in its portfolio. For more information, please visit www.ssmlivinggroup.com.
“We are happy to see the great interest shown for SSM throughout the IPO process from high-quality anchor investors, institutional investors and the general public,” said Mattias Roos, CEO of SSM. “It is a confirmation of our leading market position, the quality of the company and our ability to generate profitable growth. With increased financial strength and access to capital markets, we are well positioned to capitalize on the growth opportunities we see in the market. The listing is an important step for SSM and I, together with all SSM employees, look forward to realize our ambitions along with both our pre-existing and new shareholders.”
“We welcome SSM to the Nasdaq Stockholm main market, where it will make a compelling addition to our group of real estate companies,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “We continue to see an inflow of real estate companies leveraging the public market as a platform for future expansion, and SSM is a perfect example of that.”
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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