Gold Certificate Company Lists on Stockholm Stock Exchange

Shares shall be listed on the Stockholm Stock Exchange. The value of the company lands at 420 million kronor.

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Gold Certificate Company Lists on Stockholm Stock Exchange
Photo: Lars Pehrson / SvD / TT

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The price per share will be 20 kronor. This gives a market value of the company of 420 million kronor, according to a press release from the company. The first trading day on the trading platform First North is expected to be October 14.

Guldbrev is a company that buys used consumer gold, mainly through the postal service.

During the first half of the year, the company had revenues of 180 million kronor with an operating profit of approximately 44 million kronor. This gives a profitability, operating margin, of 24.5 percent.

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TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

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