Stockholm, November 22, 2016 — Nasdaq (Nasdaq: NDAQ) announces that the trading in THQ Nordic AB’s shares (short name: THQN B) commenced today on Nasdaq First North in Stockholm. THQ Nordic belongs to the Consumer Goods sector and is the 71 st company to be admitted to trading on Nasdaq’s Nordic markets* in 2016.
THQ Nordic acquires, develops and publishes PC and console games for the global games market. The core business model consists of acquiring established but currently underperforming franchises and successively refining them. The Company has a global presence, with its Group headquarter in Karlstad, Sweden, its operational headquarter in Vienna, Austria, and 23 internal and external game studios around the world.
“Since 2011 we have established a strong platform with more than 370 fantastic personnel and external game developers, an attractive game portfolio and a strong and well-invested pipeline, while we have experienced strong growth and healthy profitability. We are now ready for our next chapter and aim to leverage our existing platform to accelerate our business model and growth. We believe that the listing of our B shares on Nasdaq First North and the associated capital raising will support us in our growth strategy”, said Lars Wingefors, CEO at THQ Nordic.
“We welcome THQ Nordic to Nasdaq First North, one of Europe’s most liquid growth markets,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “THQ Nordic is an exciting, innovative company and part of a rapidly growing group of tech companies listed in Stockholm. We look forward to supporting it with the visibility and investor exposure that comes with a First North listing.”
THQ Nordic has appointed FNCA Sweden AB as the 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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