SBC News Voice of the Sports Betting Industry
Marked as a major corporate milestone, Gaming Innovation Group (GIG) will begin trading as a Stockholm Nasdaq enterprise today (Tuesday 26 March), having secured main market listings approval.
Moving forward, GIG will now operate as a dual-listed enterprise, with its shareholding maintained on the Stockholm Nasdaq (ticker – GIGSEK) and Oslo Børs (ticker – GIG).
GIG’s Stockholm IPO has been assisted by Scandinavian investment bank ABG Sundal Collier as lead broker.
Supporting the firm’s existing shareholder base, ABG is set to offer a share transfer scheme for Oslo investors, who are allowed to swap their Børs shares for GIG’s new Stockholm listing.
Updating investors, Robin Reed, CEO of GiG, detailed that the firm had accomplished a major corporate directive, aiding its long-term strategy:
“GiG is delighted to announce that Nasdaq Stockholm has approved our company for listing with first day of trading tomorrow.
“Stockholm is the hub and centre of excellence for the igaming industry, 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.”
