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Norwegian Block Exchange lists on Euronext Growth Oslo

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  • Market capitalisation of approximately NOK 584 million
  • 197th listing on Euronext markets and 65th on Oslo Børs markets in 2021

 

Oslo – 14 December 2021 – Oslo Børs, part of the Euronext Group, today congratulates Norwegian Block Exchange on its listing on Euronext Growth Oslo (ticker: NBX).

The company started as a spin-off from Norwegian Air Shuttle (NAS) to introduce cryptocurrency payments to the air industry with the incentive to reduce costs related to payments. It was founded by Bjørn Kjos, who also founded NAS and Bank Norwegian. Today, Norwegian Block Exchange operates a cryptocurrency exchange, custodian and payment system focused on user experience, transparency and security. The company aims to become a hub for financial services and cryptocurrency economy.

The share price was set at NOK 9 per share, based on the latest OTC trading in the company’s shares corresponding to a total estimated value of the company of approximately NOK 584 million.

With the listing of Norwegian Block Exchange, 65 companies have been listed on Oslo Børs’ markets so far this year. It is the 58th listing on Euronext Growth Oslo.

 

About Norwegian Block Exchange

Norwegian Block Exchange As (NBX) is a leading Nordic company in the fields of digital assets and the crypto economy. It currently operates a cryptocurrency exchange, registered with the Financial Supervisory Authority of Norway (Finanstilsynet), where customers can buy and sell cryptocurrencies and tokens. Its ambition is to bridge the gap between the crypto economy and traditional finance by continuing to develop secure, efficient and easy-to use financial services for its customers.

Euronext PR Norwegian Block Exchange_141221.pdf

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About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With more than 1,900 listed issuers and around €7.1 trillion in market capitalisation as of end March 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

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