OMX has entered a partnership with the St Petersburg Exchange and RX, a group
of venture capitalists, to create the International Exchange St Petersburg,
IXSP. OMX will deliver the platform for trading and price dissemination as well
as provide its expertise in creating marketplaces for small and mid sized
growth companies.
The Russian capital market is growing and facing increasing needs to ensure
efficient capital allocation. IXSP, International Exchange St Petersburg, will
offer primarily small and mid-sized Russian growth companies access to
international capital without having to seek listing on an exchange outside
Russia. Adhering to international standards, IXSP aims to become a strong and
developed securities market that will act as an entry point for international
investors seeking Russian investment opportunities.
As a result of the partnership, the different parties will become owners of 1/3
each of the new company.
IXSP will benefit from OMX's experiences of integrating the Nordic Exchange,
creating the alternative market First North in Denmark, Sweden, Iceland and
Finland, and providing technology to more than 60 exchanges in over 50
countries.
The St Petersburg Exchange operates exchanges in St Petersburg, including the
St Petersburg Stock Exchange, the third largest exchange in Russia. The St
Petersburg Exchange will operate IXSP and contribute with its local knowledge
and expertise in running exchanges in Russia.
RX is a group of venture capitalists focused on Russia, headed by Gunnar
Nilsson, founder of VIS-able International AB and EM Capital Ltd. RX includes
Alpcot Capital Management Ltd, an asset management company regulated by the
Financial Services Authority in the UK and founded by Björn Lindström and Katre
Saard. RX has a vast experience of connecting small and mid-sized Russian
companies with international and Russian venture capital.
For more information, please contact:
Niclas Lilja, Press Relations, OMX +46 8 405 63 95
About OMX | OMX is a leading expert in the exchange industry. Through the
Nordic Exchange, OMX offers access to approximately 80 percent of the Nordic
and Baltic securities market. The Nordic Exchange is a term used for marketing
purposes and is not a legal entity. It describes the common offering from the
Helsinki Stock Exchange, Copenhagen Stock Exchange, Stockholm Stock Exchange,
Iceland Stock Exchange, Tallinn Stock Exchange, Riga Stock Exchange and Vilnius
Stock Exchange. OMX integrated technology solutions cross the transaction chain
enabling efficient securities transactions for over 60 exchange organizations
in more than 50 countries. OMX is a Nordic Large Cap company in the Financials
sector on the OMX Nordic Exchange. For more information, please visit
www.omxgroup.com
