CORRECTION: Market Cap Segment Review at Nasdaq Nordic Exchanges
Stockholm/Helsinki/Copenhagen/Reykjavik, December 19, 2024 — Nasdaq (Nasdaq: NDAQ) announces the completion of its annual review of market capitalization segments within its Nordic exchanges. This revision is grounded on the average market cap values from November 2024. Alongside indexes and sector classifications, these market cap segments serve to enhance the visibility of companies listed on Nasdaq exchanges in Stockholm, Helsinki, Copenhagen, and Iceland.
In the earlier press release issued today, Modern Times Group MTG AB series ser. B was erroneously omitted from the list. Furthermore, in the subsequent correction, the last seven companies were mistakenly indicated as being listed on the Iceland exchange rather than on the Danish exchange. The correct list is provided below.
Effective January 2, 2025, the following 31 companies will undergo a change in segment: 8 will transition to a larger segment, whereas 23 will move to a smaller segment.
| Name | Current Segment | New Segment | Exchange |
| BONESUPPORT HOLDING AB | Mid Cap | Large Cap | STOCKHOLM |
| engcon AB ser. B | Mid Cap | Large Cap | STOCKHOLM |
| OEM International AB ser. B | Mid Cap | Large Cap | STOCKHOLM |
| Granges AB | Mid Cap | Large Cap | STOCKHOLM |
| Skjern Bank | Small Cap | Mid Cap | COPENHAGEN |
| Djurslands Bank | Small Cap | Mid Cap | COPENHAGEN |
| PARKEN Sport & Entertainment | Small Cap | Mid Cap | COPENHAGEN |
About the Market Cap Segments
Companies are categorized into market cap segments (Small-, Mid-, and Large Cap) depending on their average market value for the review month. Each segment undergoes an annual review based on the average market cap in November, with adjustments taking effect in January of the following year. The market cap is calculated based on the total number of shares, including both listed and non-listed shares. Companies with a market value exceeding EUR 1 billion classify as “Large Cap,” while those between EUR 150 million and EUR 1 billion fall under “Mid Cap.” Companies with a market value below EUR 150 million are classified as “Small Cap.”
12-month transitional period
Companies whose market cap shifts outside the reference values for their current classification will transition between segments based on the following rule: if their market cap falls below 50 percent of the minimum or exceeds 150 percent of the maximum threshold for their current segment, they are immediately transferred to a new segment. Conversely, if their market cap remains above 50 percent of the minimum and below 150 percent of the maximum threshold, they are subjected to a transitional period and one more review before transferring into the new segment. Therefore, based on the EUR 1 billion Large Cap and EUR 150 million Mid Cap thresholds, a Large Cap company whose market cap hasn’t dropped below EUR 500 million, and a Mid Cap company whose market cap hasn’t fallen below EUR 75 million, will require a second review before moving down to the new segment. Similarly, a Mid Cap company whose market cap hasn’t exceeded EUR 1.5 billion and a Small Cap company whose market cap hasn’t surpassed EUR 225 million will undergo a second review before being promoted to a new segment.
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