The FINANCIAL — NASDAQ OMX (NASDAQ:NDAQ) announced that Odd Molly AB (ODD), a Small Cap company within the Consumer Discretionary sector, on June 21 starts trading of its shares on the main market of NASDAQ OMX Stockholm.
Odd Molly is the eleventh company to list on NASDAQ OMX in Europe in 2010, and the twenty-second company to move from First North to the main market.
"Odd Molly International AB was founded in 2002 and designs, markets and sells women's clothing & accessories. Odd Molly products are sold in 1,500 boutiques in 38 countries worldwide including Europe, North America, the Middle East, Japan, Australia and New Zealand. In 2009 sales amounted to SEK 329.8 million with an operating profit of SEK 59.2 million," NASDAQ OMX reports.
Jenny Rosberg, Senior Vice President at NASDAQ OMX said, "Odd Molly is an excellent example of a company that has used First North as a steppingstone for growth before making the shift to the main market. Odd Molly has since its First North listing in 2007 had a tremendous development into what is today a household brand name with global presence, and we are very pleased to welcome them today to our main market.
Christina Tillman, CEO Odd Molly commented, "This is the right time for Odd Molly to enter NASDAQ OMX Stockholm's main market. This move puts us in a position to significantly broaden our institutional and international investor base, providing for an increased liquidity in the share. The listing is yet another quality recognition of our business."
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