14th transfer between Oslo Børs markets this year
Market capitalisation of approximately NOK 1.6 billion
Oslo – 22 December 2022 – Oslo Børs, part of the Euronext Group, today congratulates Zaptec (ticker: ZAP) on its transfer from Euronext Growth Oslo to the Oslo Børs main market. This is the 14th transfer this year and the 32nd since the beginning of 2020 between the markets at Oslo Børs. This illustrates that the Growth market is fulfilling its intended aim, providing growth companies with access to capital for further development and helping them progress to a listing on the main market.
Zaptec is a Norwegian tech company that over the course of just a few years has become one of the leading producer of smart EV (Electric Vehicle) charging stations. The company is the market leader in Norway, developing EV charging systems for multi- and single-family homes and office buildings.
At opening, the share price was set at NOK 21.67 per share, based on the closing price on Euronext Growth Oslo on 21 December 2022. This corresponds to an estimated market capitalisation of NOK 1.6 billion.
Peter Bardenfleth-Hansen, the CEO of Zaptec, said: “Following its listing on Euronext Growth in 2020, Zaptec has continued to invest in its core business, i.e. intelligent EV chargers of high quality developed to be the safest alternative on the market. Today's listing on the main market at Oslo Børs supports our strategy and provides exposure to a broader, global investor audience, while demonstrating that we are serious about our development of advanced charging technology for a global and expanding EV fleet. Thank you to our shareholders and thank you to everyone in the Zaptec team. Had it not been for the dedication and hard work of our employees, we would not have reached this milestone. Europe next!
We are now entering an index accompanied by a significant extent of corporate professionalism, where we will show ourselves even more as a serious player in our field. With recent and imminent product launches, we are ready to take markets such as the UK, Germany, Netherlands and France by storm.”
Zaptec is part of the Euronext Tech Leaders segment launched by Euronext in June 2022 with the support of a strong network of partners. The Euronext Tech Leaders initiative includes a number of services, including the creation of a segment gathering more than one hundred European companies listed on Euronext markets, an index made up of the stocks in this segment, a range of services for the visibility and promotion of Euronext Tech Leaders companies to international investors, improved trading conditions, the creation of a community of Tech Leaders through the integration of a C-level Club and the organisation of the Euronext Tech Leaders Campus, which aims to become the annual meeting venue of Tech companies in Europe.
The Euronext Tech Leaders initiative complements Euronext’s existing Tech offer, which includes an ecosystem of over 700 Tech companies listed on Euronext markets and over 660 alumni of its TechShare and IPOready pre-IPO programmes, as well as a broad investor base to finance all growth types of Tech companies. With this initiative, Euronext aims to strengthen the European Tech sector and to be a catalyst for the next generation of Tech Leaders.
To learn more about the Euronext Tech Leaders initiative: www.euronext.com/raise-capital/euronext-tech-leaders
Caption: Peter Bardenfleth-Hansen, CEO of Zaptec, rang the bell this morning to celebrate the company’s listing on the Oslo Børs main market. They were welcomed by Øivind Amundsen, CEO and President of Oslo Børs (Photo: Chris Fey/ NTB).
Zaptec ASA is a technology company within Electric Vehicle (EV) charging systems in Europe. The company develops EV charging systems for multi and single-family homes and office buildings. The product portfolio enables large number of charging points at a low cost and includes Zaptec Pro, Zaptec Go, Charge365 and Zaptec Park payment services, Charging columns, Zaptec Portal, and Zaptec Sense. The company accelerates the electrification of the transport sector to assist European countries in reducing CO2 emissions from light-duty cars.