LeoVegas gets green light for listing on Nasdaq Stockholm

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LeoVegas gets green light for listing on Nasdaq Stockholm

Nasdaq Stockholm’s listing committee has formally approved Swedish online gaming operator LeoVegas AB for listing on the main Nasdaq Stockholm regulated market.

Confirmed in a press release on Tuesday, Jan. 30, the company expects to conclude its trading on the Swedish First North Premier stock market index on Feb. 2, with first-day trading on Nasdaq Stockholm scheduled to commence on Feb. 5.

While approval is pending fulfillment of customary conditions, LeoVegas confirms in its press release that it expects those conditions to be met by the first day for trading on Nasdaq Stockholm.

The Nasdaq listing means global and regional branding for the company, global investor access and liquidity.

Commenting on the upcoming change, CEO for LeoVegas AB Group, 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.”

After ending 2017 with a deal to acquire the firm behind RoyalPanda.com for almost $141.4 million, LeoVegas AB announced earlier this month the signing of an agreement to purchase counterpart Intellectual Property and Software Limited for $90 million, giving it control of numerous United Kingdom-facing online casino domains including BetUK.com, SlotBoss.co.uk and Bingos.co.uk.