Stockholm, November 30, 2016 — Nasdaq (Nasdaq: NDAQ) announced that Volati AB (short name: VOLO), a Mid Cap company within the Financials sector, has started trading of its shares on the main market of Nasdaq Stockholm. Volati is the 77th company to list at Nasdaq’s Nordic markets* in 2016.
Volati is a Swedish industrial group that acquires companies with proven business models, leading market positions and strong cash flows at reasonable valuations, and develops these with an emphasis on long-term value creation.Volati was founded in 2003, and today comprises some 40 operating companies divided into 13 business units organized in three business areas: Trading, Consumer and Industry. Volati has operations in 15 countries, with a total of about 1,300 employees.
“We are pleased and proud of the great interest we have seen from investors, both well-reputed institutions and retail investors. We notice that many appreciate and believe in Volati’s business model where long-term value creation has contributed to a strong and stable development since inception”, said Mårten Andersson, CEO of Volati. “As a listed company and with new capital we are well-positioned to continue acquiring well-managed companies that can grow with Volati as owner”
“For us as founders it feels fantastic to take Volati public. Volati has in thirteen years developed into an industrial group with thirteen business units with operations in fifteen countries. We are now looking forward to be part of the next growth phase where the listing strengthens our profile, which is positive for the work we are doing related to acquisitions. We are thankful for the trust we have been given from some 6,000 new common shareholders that we now welcome in continuing building Volati together with us”, said Karl Perlhagen and Patrik Wahlén, founders of Volati and Chairman and member of the Board of Directors, respectively.
“We welcome Volati to our main market, where they will make a compelling addition” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “We look forward to keep supporting Volati on our main market.”
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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