Jun 29 / 2018
Latest News / Editorial

Trading in RakeTech’s shares to commence on Nasdaq

Nasdaq Welcomes RakeTech to First North Premier

Nasdaq has announced that the trading in RakeTech Group Holding plc’s shares will come into action, today, on Stockholm’s Nasdaq First North Premier. RakeTech Group Holding is categorised under the consumer services sector and ranks as the 49th company to be admitted to trading on Nasdaq’s Nordic markets during 2018.

Michael Holmberg, the CEO of RakeTech, commented: “We are very pleased about the strong interest in RakeTech demonstrated by the public and institutional investors during the listing process.”

“The strong demand from both Swedish and international investors confirms our belief in our strategy, our offering as well as our potential. This is an important milestone for us, and we welcome all new owners to the continuation of RakeTech’s journey.”

RakeTech’s primary business, as an online-based marketing company, entails providing products that allow the firm to guide users in the iGaming market, who are interested in sports and gambling to the highest quality services.

Adam Kostyál, SVP and Head of European Listings at Nasdaq, added: “We welcome RakeTech to our European growth market, Nasdaq First North.”

“RakeTech is yet another example of an iGaming company that leverages Nasdaq First North as a platform for growth, and we look forward to stand by them on their continued journey as a Nasdaq listed company.”

RakeTech concentrates on approximately 20 websites that generate traffic and online players to over 300 brands belonging to 80–100 different iGaming operators. RakeTech has 95 employees and is headquartered in Malta.

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