Affiliate marketing network Catena Media has confirmed that it has received the required approvals to list its shares on the Stockholm NASDAQ main market, Sweden’s largest stock exchange.
Catena is now only awaiting final approval from the Swedish Financial Supervisory Authority to commence its migration from the smaller NASDAQ North Premier stock exchange, where its shares are currently listed.
The last day of trading on this index is expected to be Friday 1st September. The company’s shares will be traded in the Mid Cap segment under the same ticker (CTM) and with the same ISIN code as it had previously. Catena have confirmed that no new shares will be issued in connection with the listing.
In its first half yearly update of 2017, the company revealed that its year-on-year group revenue for the first half of 2017 had increased by 78%, posting group revenues of €30m, almost doubling the corresponding H1 2016 group revenue figure of €17m.
In a statement confirming the approval, Robert Andersson, CEO of Catena Media said: “The listing on Nasdaq Stockholm is a result of great teamwork and is proof of the solid organisation we have built. This will continue to enable our further growth. Another big milestone in our company’s history”.