GiG begins trading on Nasdaq Stockholm
Gaming Innovation Group (GiG) has today (March 26) begun trading its shares on Nasdaq Stockholm.
The iGaming solutions provider is trading under the ticker code ‘GIGSEK’, with its dual-listing symbol on Oslo Børs in Norway to remain as GIG, per plans set out earlier this month.
Trading currency for the shares listed on Nasdaq Stockholm will be Swedish kronor (SEK). At the time of writing, GiG’s shares are trading at SEK22 (£1.81/€2.11/$2.38) each.
As part of the listing, GiG has signed a market making agreement with financial advisor ABG Sundal Collier ASA. Under this deal, ABG will provide GiG shares on Nasdaq Stockholm with a maximum spread between the bid and offer price of 4%, with the calculation based on bid quotation.
On each Nasdaq Stockholm trading day, ABG will submit bids and offers in the GiG shares for a minimum of 85% of trading hours, inclusive of the auction procedures applicable to the shares.
“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,” GiG CEO Robin Reed said.
“We have many shareholders in Sweden and look forward to welcoming existing and new shareholders to join us on Nasdaq Stockholm.”
In December, GiG secured two licences to operate in Sweden’s newly regulated gambling market. The one licence covers in-house brands Rizk, Guts, Highroller, Thrills, Kaboo and Betspin, while the other applies to white label customers.
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