- GiG to list shares on Nasdaq Stockholm.
- The first day of trading is planned for March 26.
- GiG’s shares will be dual-listed and traded on both Oslo Børs and Nasdaq Stockholm exchanges until further notice.
Gaming Innovation Group (GiG) has announced plans to list its shares on Nasdaq Stockholm by the end of this month, with the first day of trading planned for March 26. News of the listing follows GiG’s securement of a licence to operate in the country’s newly regulated online gaming market.
GiG’s shares are currently listed on Oslo Børs, and thus will be dual-listed and traded on both exchanges until further notice. The Nasdaq Stockholm ticker will be’ GIGSEK’, while the Oslo Børs ticker will remain as ‘GIG’.
Following an assessment of GIG, Nasdaq Stockholm confirmed that the iGaming solutions provider fulfils all listing requirements, however, the new listing remains subject to customary conditions and formal approval. No new shares will be issued in connection with the listing.
“Stockholm is the hub and centre of excellence for the iGaming industry, and this will put the company closer to its peer group with increased visibility in the market. We have many shareholders in Sweden and look forward to welcoming existing and new shareholders to join us on Nasdaq Stockholm.” GiG CEO Robin Reed said.
Existing shareholders that wish to trade GiG shares on Nasdaq Stockholm are advised to contact their bank, broker or custody account holder for information about the transfer. They will also need to transfer shares in GiG maintained in the Norwegian central securities depositary and traded on Oslo Børs to Euroclear Sweden, the Swedish central securities depositary, to be available for trading on Nasdaq Stockholm.
GiG has also advised that existing shareholders who would like to keep their shares with the Norwegian VPS and trade on Oslo Børs need not take any action at this stage whereas new shareholders can trade GiG shares on both exchanges.
Image source: gig.com