Aspire Global floats on Nasdaq Stockholm

Supplier enjoys steady first day of trading with a market cap of approximately £125m

Brad Allen

12/07/2017

Aspire Global has begun trading on the Nasdaq First North Premier in Stockholm, with 30% of the company made public.

The supplier’s shares closed at SEK 32 on the firm’s first day of trading on Tuesday after opening at SEK 30, giving the company a valuation of approximately £125m.

“First of all, I would like to express my gratitude towards Nasdaq for their warm welcome and strong support throughout this process,” said Tsachi Maimon, CEO of Aspire Global.

“We have met a fantastic interest from investors, including some established and renowned firms. I believe the strong demand for subscribing to Aspire Global’s shares confirms a high level of confidence in our strategy, the strength of our unique offering and the great potential of our iGaming platform within the market.”

The firm had several institutional investors lined up with commitments for around 53% of the shares being offered, equivalent to 15% of the total company.

Swedbank Robur Fonder AB was named as a Cornerstone Investor with commitments for around 26% of the shares in the offering and 8% of the company

Aspire Global belongs to the consumer services sector and is the 71^st company to be admitted to trading on Nasdaq’s Nordic markets in 2017.

“We welcome Aspire Global to Nasdaq First North Premier, our European growth market,” said Adam Kostyál, SVP and head of European listings at Nasdaq. “Aspire Global is the most recent addition to our family of online gaming companies, and we look forward to supporting the company with the increased visibility that comes with a Nasdaq First North Premier listing.”