Stockholm's Main Market Now Home to Record Number of Companies

(Bloomberg) -- The number of companies listed on Nasdaq Stockholm’s main market reached a record on Wednesday as gaming company Cherry AB joined, breaking a mark set as far back as 2001.

With Cherry’s transfer from Aktietorget on Wednesday, 319 stocks now trade on the main market, according to data from Nasdaq. That’s one more than a peak reached in June 2001, when a bursting IT bubble triggered a raft of bankruptcies and a stock market crash.

Backed by an economic boom, Nasdaq Stockholm is now enjoying record listings, with both a flurry of initial public offerings and companies moving to the main market from alternative marketplaces such as First North or Aktietorget.

Through Sept. 6 this year, there were a total of 64 listings on Nasdaq Stockholm’s main and First North markets, up 56 percent from a year earlier, according to Nasdaq. The number of main-market listings rose 64 percent to 18.

Cherry is the latest addition. The company said on Oct. 13 that the listing on Nasdaq Stockholm will provide the “profitable and rapidly-growing gaming company” with “increased exposure to the Swedish and the international capital markets.”

To contact the reporters on this story: Niklas Magnusson in Stockholm at nmagnusson1@bloomberg.net, Hanna Hoikkala in Stockholm at hhoikkala@bloomberg.net.

To contact the editor responsible for this story: Jonas Bergman at jbergman@bloomberg.net.