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NASDAQ OMX (NASDAQ:NDAQ) announced that CDON Group AB (ticker symbol: CDON), a mid cap company within the consumer discretionary sector, today starts trading of its shares on the main market of NASDAQ OMX Stockholm. CDON Group is the fifteenth company to list on NASDAQ OMX in Europe in 2010.
CDON Group is an online retailer in the Nordic region. CDON Group's business concept is to offer the best range of products via the internet, both own and external brands within the segments where the company operate. CDON's aim is to capitalise on the ongoing rapid shift towards e-commerce and through the CDON Group platform and infrastructure to continue to build fast and profitable growth.
Jenny Rosberg, Senior Vice President at NASDAQ OMX said, "We are very pleased to welcome CDON Group to NASDAQ OMX. CDON Group comprises a number of well known brands that will make a valuable addition to our consumers sector, which today entails many of the Nordic's leading retailers and brand names. We look forward to supporting CDON Group as a listed company."
Mikeal Olander, President and CEO of CDON Group commented, "We launched the CDON.COM brand more than ten years ago and the separate listing of our shares follows the rapid expansion of the business to become a market leading Nordic e-commerce player within the Entertainment, Fashion and Sports & Health areas. We look forward to life as a public company and the many opportunities that it will afford the Group."
