LeoVegas receives green light for Nasdaq Stockholm listing
Group CEO Gustaf Hagman says new listing will help operator be more accessible to investors
LeoVegas has received the green light to commence trading on Nasdaq Stockholm’s exchange next month.
The operator will cease trading on Nasdaq First North Premier on 2 February after which it will transfer its shares onto the Nasdaq Stockholm exchange.
Shares will be traded under the same ticker (LEO) and ISIN code, and LeoVegas shareholders will not need to take any action in regards to the change
LeoVegas has received the green light to list its shares on Nasdaq Stockholm
The operator’s board of directors said the change in listing will increase brand awareness and better position the company to move into further regulated markets.
Group CEO Gustaf Hagman added: “[It] strengthens the Group and gives us an even better quality seal in our communication and cooperation with authorities, licensors and partners.
“For institutional investors – both in Sweden but even more so abroad – we will become more accessible and attractive as a company”
LeoVegas first launched its IPO on the Nasdaq First North exchange in March 2016 with shares valued between SEK 28-32.
The operator’s share price was SEK 114.9 at the time of writing.