June 15, 2016 – Nasdaq (Nasdaq: NDAQ) announced that trading in Privanet Group Oyj shares (short name: PRIVA) commenced today on Nasdaq First North Finland. The company belongs to the Financials sector. Nasdaq First North is a Multilateral Trading Facility (MTF) aimed towards emerging growth companies and is operated by Nasdaq Nordic exchanges, including Nasdaq Helsinki.
Privanet Group is a Finnish investment services corporation that operates through its two subsidiaries Privanet Capital Markets Ltd and Privanet Securities Ltd. Privanet Capital Markets focuses on capital arrangements while Privanet Securities maintains the only market in Finland for unlisted securities. Privanet Group focuses on bringing together investors and growing Finnish companies. Privanet Group has over 11,000 clients and local offices in ten cities in Finland. The group offers services to private investors, corporations and institutional investors.
"We are very pleased with the outcome of our IPO. The funds gathered will further support the implementation of our growth strategy and expansion of our operations. We believe that the trend of investing directly into domestic companies, coupled with digitalization, are the biggest forces for change in the financial sector. The possibilities brought on by the changing business dynamics and the growing need for alternative forms of funding and investment make Privanet’s share an interesting investment possibility. On behalf of everyone at Privanet I would like to thank the investors who made subscriptions to our share during our IPO. We warmly welcome you to be part of Privanet’s growth story,” said Matti Heiskala, CEO of Privanet Group.
Roy Harju, Chairman of the Board of Privanet Group, said: ”Finnish companies are in need of funds for growth and internationalization. Through its operations, Privanet pursues to support the Finnish society by making it possible for small and midsize companies to receive funding. At the same time, we are making efforts to widen the existing investment possibilities and actively create new solutions for investors. The successful IPO gives Privanet a great opportunity to develop even better services for Finnish companies and investors.”
We warmly welcome Privanet to Nasdaq First North Finland. “The company will make a great addition to our Financials sector, and we look forward to a long-standing partnership with the company and its shareholders,” said Henrik Husman, President of Nasdaq Helsinki. “It is also a pleasure to note that Privanet is no less than the eighth new listed company in Finland this year.”
Privanet Group Oyj has appointed RSM Finland Finance Oy as its Certified Adviser and Financial Adviser. Its Legal Adviser in the offering was Fondia Oy.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of 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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