IDEX Biometrics spent some time in the finance world’s spotlight this morning, with the company’s CEO, Vince Graziani, ringing the Nasdaq’s Opening Bell.
It’s a symbolic ceremony that commemorates the daily opening of official trading hours on the securities exchange, and offers executives with Nasdaq-traded companies some high-profile opportunity to showcase their firms to a global audience. Participants get an hour of advertizing on the Nasdaq Tower and Marquee, and traditionally get to appear on a (literal, physical) platform for the ceremony itself. The event has changed during the pandemic, of course, with participants tuning in virtually.
IDEX made its debut on the Nasdaq on March 1st, trading under the ticker IDBA. Each IDBA unit comprises 75 Ordinary Shares of IDEX Biometrics, with the Norway-based company having already been trading on the Oslo Børs exchange.
In opening remarks during the virtual ceremony, Nasdaq Managing Director Andrew Hall called IDEX “a leading provider of fingerprint identification technologies,” noting its activities in the areas of consumer devices, payments, and access control. “Nasdaq applauds IDEX Biometrics’ culture of developing trusting and honest partnerships with your customers and their members.”
For IDEX’s part, Vince Graziani highlighted his company’s work in biometric payment cards – an area of strong focus for the firm – as well as hardware wallets for digital currency, which he called “a large opportunity for IDEX and fingerprint biometrics in general.”
Graziani concluded his remarks by saying that IDEX is “excited and proud to be part of the Nasdaq family of leading technology companies.”
IDEX’s participation in the ceremony came a week after the company’s announcement that it would be looking for a new Chief Financial Officer. The current CFO, Derek D’Antilio, will leave his post on April 23rd, having accepted a position at another company.
April 8, 2021 – by Alex Perala