When the pandemic hit the world economy just over a year ago, the stock markets plunged globally.
But since then, stock market development has been strong and in Stockholm, the stock market has risen over 50 percent in the past year.
The strong stock market development has attracted many new companies to the stock exchange and since the listing ceremony is held at a distance, Nasdaq, the company behind the Stockholm Stock Exchange, has had to cast replicas of the classic stock market clock that is now offered around Sweden to the companies to be listed at a distance.
- We see a strong interest in the stock market and many companies want to take note, both in our growth market and on the main list.
So we will have a record year, I think, says Adam Kostyal, European listing manager at Nasdaq.
Many tech companies
The companies that have taken note come from different industries, but there is a predominance of tech companies.
One of the most well-known companies listed during the year is Hemnet, which entered the stock exchange's main list a few weeks ago.
One of the most recently listed companies is the Malmö company Duearity, which was listed on the growth list First North on Wednesday.
The company has developed a product that will help against tinnitus and needed SEK 25 million to be able to final develop it.
"Listing on the stock exchange means that we have access to capital to develop a medical technology product and bring it to market, which is costly," says Fredrik Westman, CEO of Duearity, and continues:
- In addition, we enter an ecosystem where we can relatively easily find growth capital in the future.
So it is a very good solution for both the company and our shareholders.
Are you getting rich now?
- No, not until I have sold in any case.
How to celebrate an IPO?
- The others in the company drank champagne, I cracked a pilsner myself, and later it will be lunch.