Tallinn/Riga/Vilnius, Nasdaq Baltic Market, February 10, 2022 – Nasdaq (NDAQ) announces that the shares of Airobot, an Estonian air technology company, have been admitted to trading on Nasdaq Baltic First North Market by Nasdaq Tallinn as of today, February 10.
The admittance to trading of Airobot shares follows the initial public offering of the company. The total demand for the shares was EUR 3.87 million and the offering was 5.9 times oversubscribed. 4084 investors participated in the offering.
“What a great way to start the year by having a new tech company listed on Nasdaq First North market! I’m really delighted to see the growing appetite and ambition of Estonian entrepreneurs to take their companies public and strive for global success,” said Kaarel Ots, CEO of Nasdaq Tallinn.
“Investors showed great interest in Airobot’s share offer which was about 6 times oversubscribed. We take this result with great recognition and as a sign that investors have confidence in our company. Nasdaq First North gives Airobot the opportunity to take a big step forward to reach our goals,” said Heiki Aulik, founder and CEO of Airobot.
Law firm Ellex Raidla advised the company during the IPO and listing process and serves as the certified adviser for Airobot on First North market.
Airobot is an indoor climate technology and manufacturing company with a specialty for advanced software and air analytics. Airobot’s main products are smart ventilation devices, which create a healthy indoor climate in homes.
Nasdaq First North Market is tailored to support smaller, growing companies that want to raise capital and get the visibility and credibility of being a public company. For investors, First North offers an opportunity to invest in companies that are at an earlier stage of their growth.
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at nasdaq.com.
Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq Riga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more: nasdaqbaltic.com
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The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to factors detailed in Nasdaq’s annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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