NASDAQ OMX (NASDAQ:NDAQ) announced that Besqab (short name: BESQ), a Small Cap company within the Financials sector, has started trading of its shares on the main market of NASDAQ OMX Stockholm. Besqab AB is, including switches, the thirteenth company to list at NASDAQ OMX’s Nordic main markets in 2014 (NASDAQ OMX Stockholm; Helsinki; Copenhagen; and Iceland).
Besqab is a real estate development company focused on building new housing properties in attractive locations, in the Stockholm and Uppsala areas. Since its inception in 1989, Besqab has been involved in projects encompassing more than 5,000 residencies with a total area of approximately 100,000 square meters.
“Today’s listing of Besqab at NASDAQ OMX Stockholm is an important milestone for our company’s continued development” said Anette Frumerie, CEO of Besqab. “We are pleased with and proud of the large interest in our IPO which confirms the market confidence in our strategy and business model. We welcome all our new shareholders and look forward to continuing to develop Besqab’s growth strategy in a publically listed environment.”
”We welcome Besqab to NASDAQ OMX Stockholm where we continue to see a strong inflow of new exciting companies,” said Adam Kostyal, Senior Vice President at NASDAQ OMX. “Besqab will make an interesting addition to our vibrant real estate sector and we look forward supporting them with the investor exposure that comes with being a main market company.”