SBC News Kambi floats on Stockholm NASDAQ

Kambi floats on Stockholm NASDAQ

nylen
Kambi CEO Kristian Nylen

Kambi Sports Solutions had its initial listing on the Stockholm  NASDAQ OMX, with its share price posting a price of SEK 34 (£3). Kambi senior management announced that it was pleased with the opening day  performance of the stock.

The sports betting software and provisions supplier, had separated from founding company Unibet Plc, as it looked for operational independence in order to aid future growth.

CEO Kristian Nylen and CFO David Kenyon confirmed that the supplier had been split into ree separate divisions – EU licensed operations, non-EU licensed operations and service and support operations

Kambi  announced last Thursday its  first partnership since leaving Unibet, with Georgian Casino operators – Iveria. Kambi management confirmed that the supplier was currently working on product development with the view to bring in exclusive future partnerships in the online and retail betting sectors.

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