Tomorrow, Atlantic Airways will be the fourth company to list its shares on the Faroese Securities Market (VMF) on the OMX Nordic Stock Exchange in Iceland. More Faroese companies are likely to follow.
On Tuesday, December 11, VMA will host a seminar on Faroese securities on OMX Iceland at Hilton Hotel Nordica in Reykjavík.
According to a VMA press release, the market value of Faroese securities has more than tripled since June 2007, from DKK 3 billion (USD 589 million, 402 million) to more than DKK 10 billion (USD 2.0 billion, EUR 1.3 billion).
VMA was established in 2000 and in 2003 it launched a collaboration with OMX Iceland, enabling Faroese companies to be listed on the OMX Nordic Stock Exchange in Iceland with a special ticker symbol (FO in front of the name).
The first Faroese bonds were listed on OMX Iceland in 2004 and the first company in 2005.