Stockholm, June 9, 2015 — Nasdaq (Nasdaq: NDAQ) announces that the trading in Magnolia Bostad AB’s shares (short name: MAG) commenced today on Nasdaq First North in Stockholm. Magnolia Bostad belongs to the Financials sector and is the 41st company to be admitted to trading on Nasdaq’s Nordic markets* in 2015.
Magnolia Bostad was founded in 2009 with the vision to create modern homes and residential environments through smart features and attractive architecture. The company develops new housing, both rental and tenant-owned apartments, mainly in attractive locations in Sweden's larger cities and regional capitals. The Company applies a holistic view that aims to achieve long-term sustainable development for the society at large. The project portfolio currently includes approximately 5,000 new homes. For more information, please visit www.magnoliabostad.se.
“We are thrilled to have received such a huge interest in Magnolia Bostad from private as well as institutional investors,” said Fredrik Lidjan, CEO of Magnolia Bostad. “I am proud of the confidence they have placed in Magnolia Bostad and I look forward to continue to develop the company with the support that the new capital will add.”
“We welcome Magnolia Bostad to Nasdaq First North and to our family of companies,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “We continue to see a strong inflow of real estate companies that use the public markets to raise capital, and Magnolia's IPO today underlines that trend.”
Magnolia Bostad AB has appointed Pareto Securities AB as 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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