Stockholm, May 30, 2017 — Nasdaq (Nasdaq: NDAQ) announces that the trading in TerraNet Holding AB’s shares (short name: TERRNT B) commenced today on Nasdaq First North Premier in Stockholm. TerraNet Holding (“TerraNet”) belongs to the technology sector and is the 46th company to be admitted to trading on Nasdaq’s Nordic markets* in 2017.
TerraNet delivers a patented software technology that enables intelligent machine-to-machine communication and streaming of data, including broadband demanding HD media, regardless of any mobile network or other hot spot-dependent networks. Its clients include global microchip companies, mobile operators and multimedia distribution companies, as well as OEM suppliers in the automotive and manufacturing industries. TerraNet is headquartered in Lund, Sweden with established sales and marketing agents in San Jose and Silicon Valley, USA, Hyderabad, India, and Taipei, Taiwan. For more information, please visit www.terranet.se.
“We are very happy and proud with the great interest that has been shown in TerraNet during the IPO and listing process, both from our existing and new shareholders,” said Pär-Olof Johannesson, CEO of TerraNet. “We believe that the listing will have a positive impact on our customer and partner relations. We will now focus on our growth strategy with continued technology development and market expansion to deliver value to our shareholders.”
“We welcome TerraNet to our European growth market, Nasdaq First North Premier,” said Adam Kostyál, SVP and Head of European listings at Nasdaq. “Nasdaq First North continues to see an inflow of innovative technology companies, and TerraNet is a perfect example of that.”
TerraNet Holding AB has appointed FNCA Sweden 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.
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. 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 89 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to 3,800 total listings with a market value of $11 trillion. To learn more, visit: http://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 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|
|+46 73 449 78 07|
Nasdaq Press Center
Read the latest press releases, request a press kit, and get in touch with our press team.