NASDAQ OMX welcomes Jays AB to First North
Stockholm, December 19, 2011 - NASDAQ OMX (NASDAQ: NDAQ) announces that trading in JAYS AB (short name: JAYS) shares will commence today, December 19, on First North at NASDAQ OMX Stockholm. JAYS belongs to the Consumer Discretionary sector. JAYS is the 18th company to be admitted to trading on First North in 2011 and the sixth company this year to move its listing from Aktietorget to First North.
Founded in 2007 and headquartered in Stockholm, JAYS develops, designs and produces earphones and equipment for portable media players. Jays supplies high quality products, aimed at providing the user with maximum sound experience. The company is expanding rapidly and its products are today being sold in more than 25 countries worldwide.
Rune Torbjörnsen, CEO at JAYS commented: "We're excited to start the trading of our shares at First North today and look forward to leveraging the liquidity and increased investor exposure that comes with being part of the NASDAQ OMX family. As a publically listed company within the world's largest exchange group we're able to increase the international awareness of both our products and business model, thus setting the foundation for continued growth and expansion."
Jenny Rosberg, Senior Vice President at NASDAQ OMX said, "JAYS' international audience and reach make them a great match with NASDAQ OMX, and a valuable addition to First North. JAYS is listing at one of Europe's most liquid growth markets where we in 2011, in spite of turbulent market conditions, have attracted more than twice as many companies as compared to last year."
JAYS has appointed Remium Nordic AB as Certified Adviser.
About First North
First North is regulated as a multilateral trading facility, operated by the different exchanges within NASDAQ OMX Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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