Longstanding games company Atari has started a dual listing on the Nasdaq First North in Stockholm as it looks to attract new investors in the Nordic region.
The France-based company is already listed on the Euronext Paris, but as of April 25th now trades on both stock exchanges.
No new shares have been listed, but the move is said to be an attempt at broadening the firm’s reach and investor base.
Cross-border listing
According to Nasdaq, such dual, or cross-border, listings have other benefits such as enabling asset managers with foreign investment restrictions to invest locally, help companies gain publicity in new regions, and can minimise capital gains taxes for shareholders in different countries.
Atari CEO Frédéric Chesnais claimed that one of the benefits of the recent listing is the existing “vibrant ecosystem” of games companies in the region.
“We are thrilled by the interest that investors in the Nordic region have shown in our group,” said Chesnais.
“The first day of trading on Nasdaq First North marks the first stage of our presence in this very dynamic region for the video games industry and we are looking forward to increasing our visibility and broadening our local shareholder base over the long-term.”
Still best known for its old consoles and classic IP such as Asteroids, Centipede, Missile Command and Pong, Atari has published mobile games such as RollerCoaster Tycoon Touch, Foodgod's Food Truck Frenzy and Goon Squad.
