Online casino and affiliate operator LeoVegas AB has today been formally approved for listing on the main Nasdaq Stockholm regulated market by Nasdaq Stockholm's listing committee.
The company has confirmed that its last day of trading on the Swedish First North Premier stock market index will be 2 February, with the first day for trading on Nasdaq Stockholm scheduled for Monday, 5 February.
Listing approval is conditional upon fulfilment of standard legal conditions, however LeoVegas has confirmed that it expects these conditions to be fulfilled by the first day for trading on Nasdaq Stockholm.
This listing enables the company to generate cash for future mergers & acquisitions and opens it up to investment from international investment funds.
Addressing the upcoming change, LeoVegas AB Group CEO, Gustaf Hagman said: "This change in listing can be credited to a strong team effort by everyone at LeoVegas, and I want to take this opportunity to express extra praise to my team for the hard work they have done to bring this across the finish line.
“The change in listing strengthens the Group and gives us an even better quality seal in our communication and cooperation with authorities, licensors and partners. For institutional investors - both in Sweden but even more so abroad - we will become more accessible and attractive as a company. Today is a big day for LeoVegas and yet another step in our ongoing journey of growth."