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Online casino and affiliate operator, LeoVegas has been formally approved for listing on the main Nasdaq Stockholm regulated market.
According to the Board of Directors and Group Management, this listing change is an important step in LeoVegas’ development and it will further strengthen the brand. LeoVegas will have the opportunity to continue its growth and expansion to more regulated markets. This change will not only contribute LeoVegas’ growth strategy but will also open new ways for possible acquisitions.
The approval for the change in listing was granted by the Nasdaq Stockholm committee and it is conditional upon fulfillment of customary conditions. Conditions are expected to be entirely fulfilled by the first day of trading. Swedish Financial Supervisory Authority approved and registered the listing prospectus that has been prepared for the listing change on 29 January and it was published on leovegasgroup.com.
LeoVegas will commence trading on the Nasdaq Stockholm exchange in the following days. Shares will be traded under the same ticker LEO and ISIN code. The operator will stop trading on Nasdaq First North Premier on 2 February after which it will transfer its shares onto the Nasdaq Stockholm exchange where trading is planned to commence on 5 February.
The officials at LeoVegas are pleased with the change in listing and hope it will strengthen the Group and provide better quality in communication with operators, licensors, partners and authorities.
The listing will only enable the company to generate cash for future mergers and will open the company up to investments from international investment funds. The company will from now on be more accessible and attractive. All employees of the company have worked really hard to take the company one step further on their journey of growth. LeoVegas is Sweden’s premier Game Tech Company offering casino, live casino and sports gaming.
Last year, the company was valued at more than $1 billion.
They can credit their success to an extreme product and technology focus combined with effective and data-driven marketing.
With this change in listing, new ways for progress will emerge for this forefront company.