Zwipe will soon be listed on the Nasdaq First North Growth Market (First North) in Stockholm. The company’s shares are already available on the Merkur Market at Oslo Børs, and are expected to remain on both stock exchanges for the foreseeable future.
First North Zwipe trading will officially begin on Tuesday, January 28, under the ticker heading “ZWIPE.” The company already has the approval of First North, though it will not be releasing any new shares to commemorate the occasion.
“I am excited that Nasdaq First North has confirmed that Zwipe fulfils the listing requirements,” said Zwipe CEO André Løvestam. “Nasdaq First North is a dynamic and growing market, and we are very pleased to welcome our shareholders to trading at First North in addition to Merkur Market.”
Zwipe’s ISIN number on both the Merkur Market and First North is NO0010721277. Anyone who wishes to move existing shares from the Merkur Market to First North will need to move them through Euroclear Sweden, which is the Swedish central securities depository. Zwipe recommends that anyone doing so contact a broker to learn more about the process.
The listing will complete a process that began back in September, when Zwipe first indicated that it would seek to join the First North exchange. The company formally applied to the exchange in December. The company recently brought on a new CFO, though Zwipe founder and former CEO Kim Humborstad has since resigned his position on the Board of Directors.
January 15, 2020 – by Eric Weiss