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An announcement from Smartoptics Group AS ( (DE:3YL) ) is now available.
Smartoptics Group AS has been approved for uplisting to the main market on Oslo Børs, marking a significant milestone in its growth journey. This move is expected to provide increased visibility, deeper liquidity, and access to a broader international investor base, supporting long-term value creation for shareholders. Since its listing on Euronext Growth Oslo in 2021, Smartoptics has achieved a 50% revenue increase and a 74% market capitalization growth, driven by the demand for bandwidth and enhancements to its product portfolio. The uplisting is seen as a recognition of the company’s achievements and a launchpad for future growth, with plans to expand into new geographies and larger accounts while maintaining a focus on core markets.
More about Smartoptics Group AS
Smartoptics Group AS is a Scandinavian company founded in 2006, providing innovative optical networking solutions and devices for open networking. Their customer base includes enterprises, governments, cloud providers, Internet exchanges, and telecom operators. They focus on metro and regional network applications, partnering with leading technology providers like Brocade, Cisco, and Dell, with a global reach through over 100 business partners.
Average Trading Volume: 48,025
Current Market Cap: NOK1.77B
For an in-depth examination of 3YL stock, go to TipRanks’ Overview page.