GiG Ready to Kick off Nasdaq Stockholm Trading
Our most recently added online software provider GiG Games, a wholly owned subsidiary to Gaming Innovation Group (GiG), is all set to commence with its recently outlined proposal to list shares on Nasdaq Stockholm.
The venture follows the distribution deal signed with EveryMatrix a few days ago.
Ready to Launch
Now that the official approval has been granted, the supreme game supplier will have its shares dual-listed on Nasdaq Stockholm and Oslo Børs with the same ISIN code. The Malta-based developer will have ‘GIGSEK’ as its ticket code for Nasdaq Stockholm and the Swedish kronor as its default currency, whereas Oslo Børs will still have it listed under ‘GIG’. Additional, in relation to this listing, the manufacturer inked a deal with ABG Sundal Collier.
There Is More
The first day of trading (26th March 2019) will bring more novelty. Supporting “orderly trading conditions and a minimum threshold of liquidity for GiG shares on Nasdaq Stockholm” will also take effect until either of the parties terminates it.
Under the agreement, ABG will cater for GiG’s shares on Nasdaq with a maximum spread between the bid and offer price of 4%. Every trading day, ABG is to submit bids and offers in the GiG share into the trading system for at least 85% of trading hours.
Robin Reed, Chief Executive Officer at GiG, stated that the firm is thrilled to make this announcement.
“Stockholm is the hub and centre of excellence for the iGaming industry; this will put the company closer to its peer group with increased visibility in the market.” With plenty of shareholders in Sweden, GiG already feels welcome. Subsisting shareholders who would like to trade the share on Nasdaq are recommended to consult their banks for more detail concerning the transfer, particularly regarding additional costs.
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