The Board of Directors of Flowscape Technology AB (“Flowscape”) today announces its intention to carry out a list change from Spotlight Stock Market to Nasdaq First North Growth Market. The process will be initiated immediately
Flowscape is a leading PropTech company with a system for optimizing office space as well as increasing employee efficiency and well-being. Since 2016, Flowscape has been listed on the Swedish Spotlight Stock Market and in 2020 the company started its international expansion by opening sales offices in both the USA and the UK. Today, Flowscape has about 200 customers in 50 countries and in 2022, Flowscape will put in another gear with the plan to open more offices in the US and establish offices in Germany and in Norway.
The Board believes that a change of marketplace for the company's shares to Nasdaq First North Growth Market will increase the market's awareness and confidence in Flowscape and have a positive impact from both a customer and partner perspective. It will also simplify future possible company acquisitions in and outside Sweden. The list change is seen as a natural step in the company's development and is considered to create value for the company's shareholders.
We now see a drastic increase in demand for IT solutions for the new hybrid way of working, where employees are expected to work 2-3 days from home even after the pandemic. This change is happening globally and according to Gartner's latest HR manager survey, 99% believe that staff will continue to work a few days a week from home. This means new challenges - such as syncing which days which employees should be in the office and an increased need to nurture corporate culture and social ties when you do not meet as often. It is for these new challenges that Flowscape has one of the world's strongest offerings.” says Peter Reigo, CEO and founder of Flowscape.
Nasdaq is a global and well-known brand. A listing at Nasdaq First North Growth Market means a proof of quality that improves our prerequisites to continue to build on the great interest in the company, and its solutions, which already exist, both with institutional and retail investors as well as other players in the market - not least internationally, says Henrik Tjernberg, Chairman of the Board of Flowscape.