OX2 to start trading on Nasdaq Stockholm's main list on Apr 6

Author: bfishadow. License: Creative Commons, Attribution 2.0 Generic

April 4 (Renewables Now) - Swedish renewables developer OX2 AB (STO:OX2) has received regulatory clearance to list its stock for trading on the main list of the Nasdaq bourse in Stockholm.

The Stockholm-based company has received approval for the move from Nasdaq Stockholm´s listing committee, it said last week. It expects its shares to start trading on April 6 after being delisted from the Nasdaq First North Premier Growth Market a day earlier.

OX2’s stock will trade in the Large Cap segment of Nasdaq Stockholm under the same ticker symbol. The Swedish firm noted it will not issue new shares.

The renewables developer launched a SEK-3.3-billion (USD 355.2m/EUR 319.2m) initial public offering (IPO) in June last year. The move was undertaken in line with OX2’s plan to achieve annual project sales of 1,500 MW in the 2023-2024 period.

"To enter the Nasdaq Stockholm’s main list strengthens us on this growth journey and to contribute to the ongoing energy transition and fight climate change," said CEO Paul Stormoen.

According to its latest financial report, the Swedish firm had 17.6 GW of projects in its development portfolio at the end of September 2021.

(SEK 1.0 = USD 0.108/EUR 0.097)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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