21 February 2018
visit www.nextgenbanking.co.uk/

Nasdaq OMX sells Orc Software stake

13 May 2009  |  7155 views  |  0 Financial Graph on screen

Market operator Nasdaq OMX has divested its 25% stake in Swedish derivatives trading technology company Orc Software through an accelerated bookbuilding offering.

SEB Enskilda lead-managed the offering, which saw Nasdaq OMX divest 3,838,075 Orc shares, corresponding to 25.25% of the capital and votes of the company.

The stock went to a mix of international and Swedish investors at SEK110 share - valuing the stake at around SEK422 million, or £35.7 million.

Magnus Böcker, president, Nasdaq OMX, says: "We have had a close relationship as owner and partner to Orc Software since its founding 20 years ago. It has been gratifying to have been able to follow the company's journey up close from a startup to a world-leading, front-end trading applications and connectivity solutions provider. Our cooperation will certainly continue going forward."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Orc to cut jobs as it looks for Skr40 million savings

Orc to cut jobs as it looks for Skr40 million savings

02 December 2008  |  4623 views  |  0 comments
Orc hit by downgrade as Factset rises on positive Q2

Orc hit by downgrade as Factset rises on positive Q2

25 March 2008  |  5303 views  |  0 comments
Disaffected Orc staff resurface at Tbricks

Disaffected Orc staff resurface at Tbricks

25 February 2008  |  7420 views  |  0 comments
Orc Software names Thomas Bill CEO

Orc Software names Thomas Bill CEO

20 September 2006  |  5800 views  |  0 comments
OMX and Orc team to develop front office trading platform

OMX and Orc team to develop front office trading platform

29 June 2005  |  6815 views  |  0 comments
Orc Software names Jonas Lindström CEO

Orc Software names Jonas Lindström CEO

13 September 2004  |  3818 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comVisit https://www.capgemini.comVisit www.vasco.com

Top topics

Most viewed Most shared
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
10100 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9707 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8473 views comments | 13 tweets | 12 linkedin
BBVA-backed digital banking startup targets gig economy workersBBVA-backed digital banking startup target...
7141 views comments | 8 tweets | 12 linkedin
hands typing furiouslyMaking Customer Experience Your Business
6841 views 0 | 7 tweets | 5 linkedin

Featured job

Six-Figure-Base, Double OTE, Benefits Package
London, UK

Find your next job