Zwipe warms up for Nasdaq First North listing to capitalize on biometric card commercialization
Zwipe has applied to be considered for Nasdaq First North Growth Market Listing. The company previously said it would consider a new listing to capitalize on opportunities from the commercialization of biometric smart cards.
The screening process involves two stages. Zwipe first expressed interest in listing at Nasdaq First North Growth Market, with this being the first official step. If the application succeeds, trading on First North will begin early in the first quarter of 2020.
“Listing at Nasdaq First North Growth Market is a significant step for Zwipe, and I am looking forward to trading on a vibrant market closer to the majority of our investors,” said André Løvestam, Zwipe CEO.
The company was initially reported to be considering listing on Nasdaq Stockholm’s First North exchange in September.
Zwipe reported third quarter revenues of NOK 1 million (US$110,000) for its biometric payment card inlays and wearables project. Following an exclusive deal to invest in a biometric payment card platform signed with Idemia in September, Zwipe introduced in November a package of products and advisory services to help customers advance their biometric smart card projects to mass market.