Zwipe Makes Merkur Market Debut

“In making its pitch to investors, Zwipe had emphasized its position as a technology supplier in the emerging biometric payment cards market, and the company maintained this theme in a statement announcing its Merkur Market debut.”

Zwipe has reached an important corporate milestone, announcing that its shares are now trading on the Oslo Stock Exchange’s Merkur Market.

It’s the result of an investment round announced by the company near the start of the year that would seek to raise up to NOK 120 million through a combined public and private equity offering. The effort turned out to be a great success, with Zwipe reporting last week that its offering “was multiple times oversubscribed”.

That, in turn, has enabled the company to begin trading on Merkur Market, a self-regulated financial trading system that offers an accelerated admission process compared to the Oslo Børs.

In making its pitch to investors, Zwipe had emphasized its position as a technology supplier in the emerging biometric payment cards market, and the company maintained this theme in a statement announcing its Merkur Market debut. “Zwipe is positioned at the forefront of a global shift towards contactless payment,” said CEO André Løvestam. “Partnering with global industry leaders, we are on the cusp of making Zwipe-enabled biometric payment cards available to consumers worldwide.”

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January 28, 2019 – by Alex Perala