Sweden 2019: Anatomy of an IPO

Sweden 2019: Anatomy of an IPO
Brendan O’Riordan, chief executive office of Zutec Pic: Fergal Phillips

Tech firm Zutec is the first Irish company to list on Sweden’s Nasdaq First North and its journey provides a roadmap for others to follow

As indexes go, the rise of the Nasdaq First North certainly seems to be chiming nicely with the kind of firms that are attracted to it: small, fast-growing companies mainly from the tech sector.

The Stockholm-based market is one of three indexes in what used to be the Stockholm Stock Exchange before it was taken over by US giant Nasdaq in 2008.

For some firms, Nasdaq First North provides a first rung on the ladder towards...

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