The Swedish stock market is attracting
an increasing number of international
tech companies.
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Swedish investors have a clearer focus
on technology and growth companies while
Norway is mainly focused on oil, gas and
shipping. Finnish company Nitro Games
said, “Helsinki and London were
considered; however, Stockholm has
created a niche position after several
gaming companies have gone public on the
Swedish exchanges. We have also been
receiving a lot of interest from
investors locally.
“Internationally there is a great interest
in what is happening in the Nordic
countries. Many tech sectors are global
and we see more and more companies that
are interested in noting in Sweden,” says
Adam Kostyál, listing manager on Nasdaq.
A company that recently chose to register
in Stockholm is the Malta-based gaming
company Aspire Global, which was listed on
First North in July 2017.
“Sweden has strong capital market,
especially for smaller IT companies. In
Vietnam, we still have few examples of
successful tech exits,” said Christopher
Brinkeborn Beselin to Di Digital on the
choice of First North.
According to Adam Kostyál, it is not just
the economic climate that makes Stockholm
attractive to international tech
companies. “The economic climate is
roughly the same in many places around the
world. It is the ecosystem in Sweden that
is particularly favorable. Here they find
media, analysts, investors and similar
companies on the stock exchange. It is not
the same in the rest of Europe right now,
”he says.
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Published 22 August 2018
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