It is now official that LeoVegas AB will list in the Nasdaq Stockholm stock market. This announcement is one that many people are waiting for a long time. Nasdaq is one of the Swedish stock markets with very high regulations. It is because of this reason that every serious company will want to list. The announcement that LeoVegas AB is formally listing is good news for the company. Supporters and clients to are happy that their business is finally in the ‘elite’ listing.
What Is Causing LeoVegas Casino Stock To Be Listed On Nasdaq Stockholm?
According to the press release of Tuesday, January 30, 2017, it is now official. But the final touches leading to the formal listing are ongoing. The company says that trading on the Swedish First North Premier Stock Index is on Feb 2. If this happens according to the schedule, LeoVegas will launch its first-day trade on February 5, 2017. As this shows, LeoVegas is not far from finally starting to trade on the Stockholm stock market. But there are a few logistics that the company will have to meet. Of course, the logistics are not hard to reach. It is only a matter of time before they are complete.
But as the company waits for the fulfillment of the final approval, it says something on a press release. The company says that everything will be ready before February 5, 2018, which means the company is doing all it can to see its initial listing.
Benefits Of Listing
Appearing on the Nasdaq is one of the most significant achievements. At least, this is so for local companies. When a company list on the Stockholm stock, it is easy to get domestic and international recognition. Many of the companies that list here have a long-standing reputation. Clients have the trust in making any trade. Above all, this opens a large door to attracting international partners and investors. A company’s liquidity is also another thing. The truth is the truth is that there are many benefits.
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LeoVegas AB CEO Makes A Statement
Commenting on the new achievement, LeoVegas AB CEO says it is a great thing. “This change in listing goes to having a strong team effort by everyone at LeoVegas. I want to take this opportunity to express extra praise to my team. Your hard work is now bringing great results. We are almost hitting the finish line,” says Gustaf Hagman. The CEO adds that many benefits await the group. By listing the company, it is the first step to many achievements.
The Stock Listing Strengthens The Gambling Business
“The change in listing strengthens the Group. It gives us an even better quality seal in our cooperation with authorities. We’ll also create an even stronger relationship with licensors and partners. We will become more accessible and attractive as a company to institutional investors. Today is a big day for LeoVegas. It is also another step in our ongoing journey of growth,” the CEO adds. From the last quarter of 2017 to date, LeoVegas is making impressive moves. First, it is acquiring RoyalPanda com at a cost f $141.4 million, which puts it among casino stocks. Then now, there is this Nasdaq listing thing.
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