Better Collective A/S Announces Dual Listing on Nasdaq Copenhagen
Better Collective A/S, a prominent player in the iGaming platform sector, has recently taken a significant step towards enhancing its market presence by initiating a dual listing process.
Dual Listing as a Strategic Move
This move involves the admission of the company’s shares to trading and official listing on Nasdaq Copenhagen, complementing its existing listing on Nasdaq Stockholm.
In line with this development, Better Collective has published an Exemption Document on its website, which serves to provide an exemption from the usual obligation of publishing a prospectus, thanks to the company’s existing listing status.
This dual listing is a strategic move for Better Collective, aiming to bolster its visibility and employer branding, especially considering its roots and incorporation in Denmark. It’s important to note that this dual listing does not entail an offering of new shares or alter the total number of shares currently in circulation.
Comment From Leadership
Jesper Søgaard, Co-founder & CEO of Better Collective, expressed his enthusiasm about the approval of their application for the dual listing. He remarked, “I am very pleased that our application to dual list the shares in Better Collective on Nasdaq Copenhagen has now been approved. Since the announcement of our intention to dual list, we have received a lot of positive comments both from the investor side and group stakeholders more broadly, and I cannot wait to welcome more Danish investors onboard our vision to become the leading digital sports media group.”
Details of Dual Listing
The first day of trading of Better Collective’s shares on Nasdaq Copenhagen is expected to be 17 November 2023. The shares will be traded under the ISIN code DK0060952240 and the ticker symbol BETCO DKK.
For existing shareholders, the company has facilitated an application form on their website to transfer shares from Nasdaq Stockholm to Nasdaq Copenhagen. Moreover, Better Collective has appointed Nordea Bank Abp as a liquidity provider for the shares listed on Nasdaq Copenhagen to ensure sufficient market liquidity.
Our Comment on the Article
The dual listing represents a natural progression for Better Collective, aiming to increase its visibility and market presence, especially in its country of origin, Denmark. This strategic move underscores Better Collective’s ambition to expand its footprint and strengthen its position in the global iGaming industry.
