Oct 9, 2017 – Nasdaq (Nasdaq: NDAQ) announced that trading in Titanium Oyj shares (short name: TITAN) 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. Titanium is the 83rd company to be admitted to trading on Nasdaq’s Nordic markets* in 2017, and it represents the tenth listing on Nasdaq Helsinki in 2017.
Titanium Oyj is a Finnish growth company focusing on special mutual funds in care real estate and housing as well as asset management services. Titanium is independent of banking groups. The company operates in the growing mutual fund and asset management markets. Titanium’s strategy is to be a forerunner through offering high quality and timely products based on the accumulated know-how in real estate investments. Titanium was founded in 2009. The net sales in 2016 reached 6.7 million euros and the operating profit before amortization of group goodwill was 3.5 million euros. For more information, www.titanium.fi
“We are happy with the strong interest the investors have shown in Titanium’s initial public offering, which was clearly oversubscribed. As a result of the IPO, we now have as many as 5,100 new shareholders. With the IPO, we aimed at strengthening our ownership together with an important amount of Finnish retail investors. Our target is to grow our net sales to 16 million euros in 2020 and we believe the IPO has supported this target. Our company and our products have received a lot of positive attention due to the public offering. We welcome all new shareholders and thank them for the trust they have placed in us”, Tommi Santanen, the CEO of Titanium comments.
“We warmly welcome Titanium to Nasdaq First North Finland,” said Henrik Husman, President of Nasdaq Helsinki. “The company is an interesting addition to our Financials sector and Nasdaq First North. We look forward to supporting the company with the investor exposure that comes with a Nasdaq First North listing”, said Henrik Husman, President of Nasdaq Helsinki.
Titanium has appointed Alexander Corporate Finance Oy as its Certified Adviser.
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $12 trillion. To learn more, visit: http://business.nasdaq.com
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
FOR MEDIA RELATIONS: Maarit Bystedt tel. +358 (0)9 6166 7274 maarit.bystedt@nasdaq.com
