Zwipe mulls listing in Stockholm
04 September 2019 16:55 GMT

Biometric technology company Zwipe will explore a potential listing on Nasdaq Stockholm's First North Growth Market.

However, it said the timing of such a listing remains to be evaluated.

Commenting on this development, CEO of Zwipe André Løvestam said “the past several months has seen major stakeholders in the emerging biometric payment market invest in preparations for commercialization of biometric payment cards and accompanying offerings. This vote of confidence and positive outlook has enabled several new strategic opportunities for Zwipe that are currently being pursued. On this basis, the Board of Directors has concluded an intent to list on Nasdaq Stockholm's First North Growth Market”.

He added that “listing on Nasdaq First North Growth Market will take the company closer to the majority of its investors and open up a larger and more dynamic trading market for its shares.”