NeoNet promoted to midcap status at OMX Nordic Exchange

Source: NeoNet

NeoNet will be included in the Mid Cap segment of the OMX Nordic Exchange in Stockholm.

NeoNet's elevation from Small Cap to Mid Cap status follows a period of impressive growth in sales and profitability, with the company's market cap being valued at SEK 2.2 billion, approximately EUR 240 million.

Companies listed on the OMX Nordic Exchange are organised in three market cap segments, those with a market valuation of between EUR 150 million and 1 billion are classified as Mid Cap.

Commenting on the news, Simon Nathanson, CEO of NeoNet said: "We are in a phase of rapid expansion and will continue to add new marketplaces and high-performance trading functionality to our offerings. This enhances customer value and drives growth. We are particularly well positioned for the upcoming Markets in Financial Instruments Directive (MiFID). The directive enables the development of new types of marketplaces, NeoNet will seamlessly connect to these at our customers' request".

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