Huddlestock Fintech admitted to trading

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Oslo, 26 November 2020 – Huddlestock Fintech has today been admitted to trading on Merkur Market (ticker code: HUDL-ME).

Huddlestock Fintech offers two main products: a digital solution for custody banks and a trading connectivity solution for service providers.
“The markets for digitalization of the wealth management industry is growing rapidly. Our connectivity solution has the potential to disrupt the market for asset management products and securities trading,” said John E. Skajem, CEO in Huddlestock Fintech in a press release.

Recently, Huddlestock Fintech raised NOK 6.2 million through a private placement.
“Being listed on Merkur Market will be a driver for growing the company, as well as an opportunity for investors to take part in the exciting and rapidly growing market,” said Øyvind Hovland, Chair of the Board and co-founder of Huddlestock Fintech.

The shares in the new issue were sold at NOK 2.10 per share, corresponding to an equity value of NOK 230 million.

Merkur Market will be renamed Euronext Growth 30 November as part of the transition to Euronext’s trading platform Optiq.

About Huddlestock Fintech
Huddlestock Fintech is a WealthTech company that develops unique Software as a Service solutions for digitizing work processes for custody banks, asset managers and retail trading venues. The open, compliance optimized and data centric-platform allows our customers to offer a differentiated real-time product that reduces cost and increases efficiency. For more information please visit www.huddlestock.com

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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 nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 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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