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Going Public on Nordic MTF and NGM
Nordic Growth Market NGM AB operates as a subsidiary of boerse-stuttgart AG
and operates as a stock exchange in
Sweden. The company provides MTF, a platform for trading in small and
medium-sized entrepreneurial companies; Nordic derivatives exchange
(NDX), a market for listing and electronic trading of derivatives and
structured products; and NGM Equity, which offers listing and trading
in equities. It also approves and monitors companies on market, as
well as distributes financial information, including press releases,
reports, and corporate information.
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Open Market – Nordic MTF
MTF is a platform for trading in
small and medium-sized entrepreneurial growth companies which are not
yet ready for an official listing. The platform has been developed and
adapted to comply with the EU´s Markets in Financial Instruments
Directive (MiFID). Trading takes place in NGM Stock Exchange´s trading
system (Elasticia) in the Nordic MTF area, which means that all NGM
members can deal in these shares. Price information is distributed in
real time to SIX, Reuters and leading financial Internet portals, among
others. Shares traded on Nordic MTF are not officially listed, and so
companies are not subject to the same rules and regulations as their
officially listed counterparts.
Listing requirements
with Nordic-MTF:
- A public company accoring to EU
regulations
- Registered with a central
securities depository
- Must have enough shareholders o
support effective trading
- At least 10% of its shares must
be in public hands (float)
- A least three board members
- An information memorandum
(document) with basic company information
- A corporate website with
relevant information
Regulated Market – NGM Stock Exchange
Companies listed on NGM Equity
undergo a listing process which ensures that the company and its
management meet the exchange´s suitability criteria and have adequate
systems for financial management and the disclosure of information.
Listing requirements with NGM
Equity:
- At least 300 shareholders each
with at least one round lot
- At least 10% of shares and 10%
of votes in public hands
- Listing prospectus
The listing process consists of the
following steps:
- Informal introduction to NGM
- Formal meeting between the
company and NGM
- Submission of application
- Limited legal due diligence
- Provisional decision
communicated to the company
- Financial due diligence begins
- Prospectus will be prepared
- NGM examines the financial due
diligence, prospectus and other application documents
- The Swedish Financial
Supervisory Authority, Finansinspektionen approves the prospectus
- Listing decision
Dual listing
with Stuttgart
We offer a very attractive dual
listing with Stuttgart and Stockholm. The trading of your securities on
the Stuttgart Stock Exchange is made extremely attractive by the
trading segments and initiatives, tailor-made specifically for private
investors and the special features of the different classes of
securities.
Stockholm (and Stuttgart) offers
less cost, better
liquidity, and greater access to capital than OTCBB. Call us today to
discuss a
listing of your company.
Call Now 1 416 444-4001, 1 313
918
1320, +46 40 644 4636
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