FOM wins award for best performing IPO in 2020

Yesterday evening at the award show in Slovenia our CEO, Michael Stadi was presented with the award for best performing IPO with a market cap up to €50 million. This award is another testament to journey FOM has been on for the past years after deciding to go public and then eventually being listed in the summer of 2020.

We are thrilled that Nasdaq First North Growth Market has chosen to point at us out of the many brilliant companies listed on the exchange when asked to submit their choice for this category at the European Small and Mid-Cap Awards 2021.

“It’s a tremendous recognition of the journey we have embarked on after listing the company on Nasdaq First North”
– Says Michael Stadi, CEO, FOM Technologies.

Rising Star category

The winner of the Rising Star Award should stand out as an exceptional performer in the sub-group of SMEs with a market capitalisation up to € 50 million. The  Rising Star should also be a responsible corporate citizen. It should be an emerging business and one that has clearly furthered growth potential. It will be well-  managed and have been resourceful with the proceeds of flotation. Since going public this company’s share price should have risen to a respectable but not  excessive premium.


  • Exceptional performer in the sub-group of SMEs with a market capitalisation of up to €50 million;
  • Responsible corporate citizen;
  • An emerging business and one that clearly has further growth potential;
  • Well managed and have made good use of the proceeds of floatation;
  • Since going public, its share price should have risen to a respectable but not excessive premium.

About the awards

The European Small and Mid-Cap Awards aim to promote best practices and encourage more small and medium-sized enterprises (SMEs) to access capital markets via IPOs. This is a joint initiative of the European Commission, leading European securities exchanges and EuropeanIssuers.

SMEs created the foundation for the European economy today and in the future. More than 98% of EU firms are SMEs, and they account for two-thirds of all employment as well as nearly 60% of the gross value added in the EU economy. As the basis for entrepreneurship, jobs and growth, SMEs require a favourable environment which meets their financing needs, in particular when accessing markets.

The Awards Ceremony was organised for the first time in 2013 by EuropeanIssuers and the Federation of European Securities Exchanges (FESE), at the initiative of the Directorate-General for Enterprise and Industry (now Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs) of the European Commission. These two associations represent together the European securities exchanges and the companies listed on them. The Awards showcase the diversity of European markets and aim to promote stock listings, in particular targeting SMEs and growth companies. These companies are critical to European economic recovery and to accomplishing the EU’s goals of job creation, competitiveness and growth.