Finnish IPO's pick up after a drought [Reuters]
Orange (ORAN)
US:NYSE Investor Relations:
orange.com/en/investors/results-and-presentation
Company Research
Source: Reuters
Finnish IPO's pick up after a drought HELSINKI Eye surgery and optical retail company Silmaasema Oyj on Monday became the latest company to consider an IPO in Helsinki bourse, suggesting listings were picking up in the Finnish economy as it recovers from a decade-long stagnation. In 2008-2012, Helsinki stock exchange saw only eight companies listing their shares in its main list or the First North marketplace for growth companies - compared to 82 in neighbouring Sweden. But in recent years, activity has increased and the total number of Helsinki listings since 2013 is 38 so far. "What we hear from advisor banks is that at the moment there is a lot of activity among companies considering listings," Henrik Husman, head of Nasdaq Helsinki, told Reuters. "It's partly due to the recovering economy, low interest rate environment and companies' more ambitious growth targets. The administrative burden has also been reduced." Following a recent law amendment, companies may skip reporting thei
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