Boerse Stuttgart and its Scandinavian subsidiary, Nordic Growth Market (NGM), announced that they are combining their services in the equity segment: Swedish public limited companies listed on the NGM can now seek a secondary listing in Stuttgart.
One of the conditions set for obtaining a secondary listing is an investor relations service in English. The first company to opt for a secondary listing was Ripasso Energy AB. Investors from Central Europe can now trade in the company’s equity in euro in Stuttgart every exchange trading day between 8.00 and 22.00 hours CET. The role of quality liquidity provider in trading will be performed by Baader Bank AG, as for all international equities.
Swedish start-ups are very active on the capital market in Sweden: 2017 has already seen the addition of 19 new equities to Nordic MTF, NGM’s multilateral platform for trading in the equities of growth companies. Dr Michael Völter, Chairperson of the Management Board of Vereinigung Baden-Württembergische Wertpapierbörse e.V. and of NGM’s Board of Directors, commented:
Introducing their equities to trading at Boerse Stuttgart gives Swedish companies access to the capital market of the euro zone, allowing them to expand their investor base.