Video game developer Paradox Interactive has transitioned to the Nasdaq Stockholm Main Market, marking it as the 150th company to graduate from the Nasdaq First North Growth Market. This milestone coincides with First North’s 20-year anniversary, highlighting its role in supporting small and medium-sized enterprises (SMEs) as they seek access to public equity markets.
Since its launch in 2006, First North has evolved from hosting fewer than 50 companies with a market cap under EUR 5 billion to over 400 companies with a total market cap exceeding EUR 25 billion. The growth market has facilitated more than 800 listings and raised over EUR 32 billion, with daily trading turnover increasing from EUR 13 million in 2008 to EUR 63 million expected in 2025.
Paradox Interactive, known for franchises like Crusader Kings, was previously the largest company on First North. The CEO, Fredrik Wester, stated that transitioning to the Main Market is both an emotional and commercial achievement, emphasizing the importance of this growth trajectory for the company’s future.
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