News: Optoelectronics
3 June 2021
Sivers Semiconductors approved for listing on Nasdaq Stockholm
Sivers Semiconductors AB of Kista, Sweden (which supplies chips and integrated modules) says that Nasdaq Stockholm’s listing committee has approved its application for its shares to be admitted for trading on Nasdaq Stockholm main market, subject to the fulfilment of certain customary conditions.
In light of the list change, Sivers Semiconductors has published a prospectus, which has been approved and registered by Swedish Financial Supervisory Authority (SFSA).
After initially being listed on Spotlight Stock Market, Sivers Semiconductor’s shares have been listed on the Nasdaq First North Growth Market since end-November 2017. Following the firm’s last day of trading on that market on 9 June, its first day of trading on the Nasdaq Stockholm main market is scheduled for 10 June, with shares traded in the Mid Cap segment under the same ticker (SIVE) and ISIN code (SE0003917798). There will not be any offer or issue of new shares in connection with the list change. Shareholders will not need to take any action in connection with the list change.
Sivers Semiconductors has two business areas: Wireless and Photonics. Wireless develops RF chips and antennas for 5G systems for datacoms and telecoms networks. Photonics develops and manufactures semiconductor-based optical products for optical fiber networks, sensors and optical fiber communications (Li-Fi).
“The listing on Nasdaq Stockholm main market is a quality stamp and an important milestone for us. It is another important piece of the puzzle in our continued expansion and development of the company as it contributes to an increased awareness of our business,” says group CEO Anders Storm. “The listing strengthens our profile and our brand both with our customers and with investors, which means that we have increased access to the Swedish and international capital markets. In addition, our ability to attract and retain qualified employees increases. All in all, the listing is an important part of creating increased long-term shareholder value,” he concludes. Sivers Semiconductors has two business areas: Wireless and Photonics. Wireless develops RF chips and antennas for 5G systems for datacoms and telecoms networks. Photonics develops and manufactures semiconductor-based optical products for optical fiber networks, sensors and optical fiber communications (Li-Fi).
