LeoVegas Confirmed For Nasdaq Stockholm Listed
The Swedish mobile gaming company LeoVegas has been given the green light for listing on the Stockholm Stock Exchange, although the company will have to fulfill certain conditions before it joins more than 300 companies have been listed for trading on the on the Nasdaq Stockholm regulated market.
According to available information, LeoVegas’ first day of trading on Nasdaq Stockholm will be February 5, 2018, while the listing change has already been approved by the Swedish financial authorities.
Regarding the aforementioned customary conditions, the company’s governance expects they will be fulfilled by the time the trading starts.
The shares of the Swedish gaming giant will be traded under LEO ticker and ISIN code SE0008091904. LeoVegas has informed its shareholders no action is required on their side.
Commenting on the news, LeoVegas Chief Executive Officer Gustaf Hagman said this change in listing could be credited to a strong team effort by everyone at the company. He added he wanted to take the opportunity to express extra praise to his team for the hard work they had done to successfully complete the entire process.
An Important Step Forward
Hagman also stated that the change in listing strengthened the Group and gave it even better quality seal in its cooperation and communication with authorities, licensors, partners and institutional investors – both in Sweden and abroad, become the company would become more accessible and attractive.
LeoVegas’ CEO said it was a big day for the company and another important step in its ongoing journey of growth.
The Group’s Board of Directors believes the listing change represents an important step in the further development of LeoVegas, opening up new opportunities on numerous regulated gaming markets.
More important, the Nasdaq Stockholm will give LeoVegas wider access to capital markets not only in Sweden but also abroad. One thing is certain, though – the change in listing offers more potential for growth.