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Nasdaq (Nasdaq: NDAQ) congratulates Fodelia Oyj (ticker: FODELIA) on being selected as Rising Star in the annual European Small and Mid-Cap Awards 2020 today. The Award, which has been organized for eight consecutive years, is a joint initiative by the European Commission, leading European securities exchanges and EuropeanIssuers, and aims to promote best practices and encourage more small and medium-sized enterprises (SMEs) to access capital markets via IPOs.
“Fodelia truly embodies the innovation that we at Nasdaq would like to encourage and embrace, and we are proud to have the company listed on Nasdaq Helsinki. We want to congratulate CEO Mikko Tahkola and the entire team at Fodelia on this great achievement,” said Henrik Husman, President of Nasdaq Helsinki.
Each year, a number of SMEs from across Europe are nominated in five different categories: International Star, Rising Star, Star of Innovation, Star of 2020 and Special Mention. An independent jury representing the financial industry, journalism and academia, then selects a short list of three companies per category. This year's European SME Awards was hosted online by the European Commission during its annual SME Week.
“SMEs play a critical role in the creation of jobs and economic growth across Europe, and it is important to highlight those that successfully have a leveraged the public market as a catalyst for expansion,” said Adam Kostyál, SVP and Head of European Listings, Nasdaq. “This is not only an exciting win for Fodelia, but yet another success story coming out of Nasdaq First North Growth Market. We are the leading European venue for SME listings with close to 60 so far this year despite Covid-19. We will continue our efforts to keep Nasdaq First North Growth Market the leading growth platform for SMEs.”
In addition to Fodelia, Finnish listed Harvia Plc (ticker: HARVIA) was shortlisted as Star of 2020.
