NASDAQ OMX Welcomes Coastal Contacts to the Main Market
Stockholm, November 9, 2009 - NASDAQ OMX Nordic, part of the NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces that trading in Coastal Contacts Inc. (COA) shares today commence on NASDAQ OMX Stockholm AB. Coastal Contacts, a small cap company within the Consumer Discretionary sector, has since 2004 been listed on the Toronto Stock Exchange (TSX) and will have its dual listing at NASDAQ OMX Stockholm AB.
Coastal Contacts Inc. is the world's leading direct-to-consumer vision products company which designs, produces and distributes a contact lenses and eyeglasses. Coastal sells into more than 150 countries through proprietary web properties. Lensway (www.lensway.se) is Coastal Contacts' European subsidiary and the largest internet retail reseller for contact lenses and eyeglasses in Europe.
Jenny Rosberg, Senior Vice President NASDAQ OMX said: "Coastal Contact's listing on NASDAQ OMX Stockholm makes a great investment addition to our consumer sector. It is the second company this year to take advantage of our fast-track listing process designed for public companies in other markets looking for investment exposure in the Nordics through a dual listing".
NASDAQ OMX Nordic's fast track listing process facilitates dual-listing for companies that are already listed on certain regulated markets but wish to have a dual listing advantage of NASDAQ OMX' global capital market raising opportunities. Companies listed through the fast track listing process fulfill NASDAQ OMX Nordic's high listing and transparency criteria.
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NASDAQ OMX Group, Inc.
Carl Norell
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carl.norell@nasdaqomx.com