GiG to trade shares on Nasdaq Stockholm

Gaming Innovation Group (GiG) today announced it will list its shares on Nasdaq Stockholm, with a first day of public trading planned for 26 March.

Nasdaq Stockholm confirmed that GiG meets the requirements necessary for a public listing, subject to “customary conditions and formal approval”.

GiG is currently listed on independent Norwegian stock exchange Oslo Børs and after listing on Nasdaq Stockholm, GiG shares will be dual-listed and traded on both exchanges until further notice.

The ticker code for the GiG share on Oslo Børs is “GIG” while the ticker code for the GiG share traded on Nasdaq Stockholm is “GIGSEK”.

GiG CEO Robin Reed

GiG CEO Robin Reed said: “GiG is delighted to announce our intention to list on Nasdaq Stockholm, and that Nasdaq Stockholm has assessed that our company fulfils the listing requirements.

“Stockholm is the hub and centre of excellence for the egaming industry, and this will put the company closer to its peer group with increased visibility in the market.

“We have many shareholders in Sweden and look forward to welcoming existing and new shareholders to join us on Nasdaq Stockholm,” he added.

In a recent interview with EGR, Kent Staahle, the CEO of fellow Norwegian-listed firm River iGaming, suggested there was a relative lack of interest in online gambling from Norwegian investors.

“I think GiG haven’t had the traction they expected or wanted in the Norwegian market and there is a big knowledge gap between Norwegian investors and Swedish investors when it comes to gaming,” Staahle said.

GiG revenues flatlined year-on-year in Q4 2018 to €39.9m following a 9% fall in B2B revenues.