The Swedish Minister for Local Government and Financial Markets, Sven-Erik sterberg, today inaugurated trading on OMX’s alternative marketplace in the Nordic region, First North.
The first company to be listed on the new marketplace is Swedol AB, a retail chain that sells electrical and electronic items, work wear, protective equipment, auto accessories and consumables, primarily to the professional market.
OMX says First North is intended to offer smaller and growing companies easy access to the Nordic and global financial markets. From today, companies currently listed on “Nya Marknaden” will be traded on First North.
“We are delighted to launch First North and we welcome Swedol to this new marketplace. Including Swedol, First North will have 54 companies from Sweden and Denmark,” says Jenny Rosberg, President Company Services, OMX.
“Interest in the Swedol share has been considerable, from both institutional and private investors,” adds Swedol’s President, Thomas Svedberg.
Swedol’s adviser is Remium AB. A round lot of shares in Swedol, whose short name is SWOL B, amounts to 200 and the company is included in the Consumer Discretionary sector.