Following Nasdaq’s annual review of the market capitalization of listed companies, Mips AB, which is well known for its innovative helmet technology BPS (stands for “Brain Protection System”), is moving up from the Mid Cap to the Large Cap segment of Nasdaq Stockholm. The move will be effective on Jan 3, 2022.
Nasdaq’s annual review is based on the average value of market capitalization in November 2021, and this year’s review resulted in Mips being moved from the Mid-Cap to the Large-Cap segment. The Large-Cap segment covers companies whose total number of shares have a market value of €1 billion or more.
Mips was launched on Nasdaq Stockholm in March 2017 in the Small-Cap segment. Since the listing, the company’s market value has increased from about SEK 1 billion (€97.14 million) to about SEK 29 billion (€2.82 billion) today.
