Kambi Group Floats on Nasdaq

Tuesday June 3,2014 :  KAMBI GROUP FLOATS ON NASDAQ OMX STOCKHOLM (Update)
 
Successful floatation on opening day
 
Former Unibet subsidiary, Kambi Group Plc began trading on First North at NASDAQ OMX Stockholm in the Consumer Services Sector earlier this week.
 
The B2C sports betting provider said it was pleased with the company's performance on the opening day with shares floating at SEK 34 (around GBP 3).
 
Since its spin-off from Unibet Plc, Kambi management has aligned the company in three distinct divisions comprising EU licenced operations, non-EU licenced operations and Service and Support operations.
 
“The listing on NASDAQ OMX First North is an important milestone for Kambi and we are excited about the potential this gives us.  As a stand-alone business, we can now focus on building on our strength as the best
B2B sports betting service in the market and the listing creates new opportunities to broaden our customer base further,” commented chief executive officer of Kambi, Kristian Nylén.