Nasdaq Helsinki welcomes Modulight to Nasdaq First North Growth Market Finland
30 Sep 2021 – Nasdaq (Nasdaq: NDAQ) announces that trading in Modulight Corporation shares (short name: MODU) commence today on Nasdaq First North Growth Market Finland. The company belongs to Technology sector. Modulight is the 139th company to be admitted to trading on Nasdaq’s Nordic markets* in 2021, and it represents the 17th listing on Nasdaq Helsinki in 2021.
Modulight Corporation is a biomedical laser company that designs and manufactures products for oncology, ophthalmology and genetics. The company also provides solutions for selected high value-add applications including quantum computing and digital press. The company’s products include medical devices, subsystems, software, cloud services and specialized semiconductors. Modulight's products are used worldwide by many Fortune 500 companies, pharmaceutical companies, and well-known cancer centers and universities. Modulight was founded in 2000 and is headquartered in Tampere, Finland. www.modulight.com Twitter: @modulight
“I’m extremely happy and also positively surprised about how strongly our initial public offering was received in the market. Modulight’s IPO was oversubscribed multiple times. This brings us a strong owner base, consisting of 16,000+ new shareholders and major tier-1 international and domestic institutions, including many of the leading international and Nordic pharma and tech investors", says CEO Seppo Orsila of Modulight.
“We welcome Modulight to Nasdaq First North Growth Market Finland,” said Henrik Husman, President of Nasdaq Helsinki. “We congratulate Modulight for the very successful completion of its IPO, and we look forward to a lasting partnership with the company and its shareholders.”
Modulight has appointed Danske Bank as its Certified Adviser.
*Main markets and Nasdaq First North Growth Market at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm
About Nasdaq First North Growth Market
Nasdaq First North Growth Market is a registered SME growth market, as defined by the Directive on Markets in Financial Instruments (EU 2014/65). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq First North Growth Market and not the legal requirements for admission to trading on a regulated market, such as the Nasdaq Nordic Main Market. The risk in such an investment may be higher than on the main market.
The Premier segment within Nasdaq First North Growth Market is designed to further assist companies in raising investor visibility and to prepare them for a Main Market listing. The Premier segment targets companies that make a conscious decision to comply with higher disclosure and accounting standards than imposed under the Nasdaq First North Growth Market rules.
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