NASDAQ OMX (NASDAQ:NDAQ) announced that Tribona AB (short name: TRI), a Mid Cap company within the Financials sector, today starts trading of its shares on the main market of NASDAQ OMX Stockholm. Tribona was previously listed on Oslo Børs and is the third company to list on NASDAQ OMX Nordic main markets this year.
Tribona is Sweden’s largest pure-play logistic property company. The property portfolio consists of modern and strategically located logistic properties, 19 in Sweden and one in Denmark, with a total lettable area of about 734 000 square meters. The business concept is long-term investment exposure exclusively focused on investment, management and development of logistics- and warehouse properties in Sweden, and primarily in the geographic area called the Nordic Triangle.
“To move our listing to NASDAQ OMX Stockholm is a logical step for Tribona as we will now be traded at the same venue as many of our Nordic peers while reaching an investor and analyst community that understands and follows our space,” said Peter Strand, CEO at Tribona. “We are competing in the niche area of logistics properties with the intention to continue to grow in Sweden and our switch to NASDAQ OMX Stockholm underlines that commitment.”
“It is always very rewarding to attract company switches from other marketplaces and Tribona will make a valuable addition to our Financials segment which already holds several large Nordic real estate companies,” said Adam Kostyal, Senior Vice President at NASDAQ OMX. “We look forward to supporting Tribona with the strong liquidity and international investor reach that a listing on our main market brings.”