Stockholm Sweden

History

Nasdaq Stockholm, formerly known as the Stockholm Stock Exchange (Stockholmsbörsen), is a prominent stock exchange situated in Frihamnen, Stockholm, Sweden. Established in 1863, it has evolved into the primary securities exchange for the Nordic countries. As of 2023, Nasdaq Stockholm lists a total of 832 companies, with 385 on the main market and an additional 447 on secondary markets (Nasdaq First North and Nasdaq First North Premier).

Before the advent of electronic trading on June 1, 1990, all trading occurred on the floor of the Stockholm Stock Exchange Building. In 1998, the Stockholm Stock Exchange was acquired by the futures exchange OM, which later attempted an unsuccessful acquisition of the London Stock Exchange in 2001. During the dot-com bubble in the early 21st century, OM and investment bank Morgan Stanley Dean Witter jointly launched a virtual European stock exchange named Jiway. Unfortunately, the project was unsuccessful and was canceled on October 14, 2002. Following the merger of OM with the Helsinki Stock Exchange in 2003 to form OMX, the operations of the Stockholm and Helsinki exchanges were amalgamated.

On May 25, 2007, NASDAQ entered into an agreement to acquire OMX for US$3.7 billion. However, in August 2007, Borse Dubai made a competing offer of US$4 billion, sparking speculation of a bidding war. On September 20, 2007, Borse Dubai agreed to cease competing for OMX, receiving a 20% stake and 5% of votes in NASDAQ, along with NASDAQ’s then 28% stake in the London Stock Exchange. In a complex transaction, Borse Dubai acquired 97.2% of OMX’s outstanding shares before subsequently selling them to NASDAQ. Following the completion of the deal on February 27, 2008, the newly merged company was renamed the NASDAQ OMX Group.

Since 2008, the Stockholm Stock Exchange has been a part of Nasdaq, Inc. (formerly Nasdaq OMX Group), integrated into its Nasdaq Nordic markets. Nasdaq, Inc. consists of two divisions: OMX Exchanges, managing eight stock exchanges primarily in the Nordic and Baltic regions, and OMX Technology, responsible for developing and marketing financial transaction systems used by OMX Exchanges and other stock exchanges. Renowned as a global leader in financial instruments trading systems, the exchange operated under the legal name Nasdaq OMX Stockholm AB until its renaming to Nasdaq Stockholm AB in 2015.