First Business Qualifies For NADAQ Global Select Criteria
MADISON, WI, – Jan. 6, 2014 – Effective January 2, 2014, First Business Financial Services, Inc. (NASDAQ: FBIZ) will be listed on NASDAQ’s Global Select Market. NASDAQ has three tiers of markets: NASDAQ Capital Market, NASDAQ Global Market and NASDAQ Global Select Market.
According to NASDAQ, the NASDAQ Global Select Market has the highest initial listing standards in the world. Approximately 1,200 companies are listed on the Global Select, having met these stringent financial and liquidity requirements for initial listing and continue to meet stringent financial, liquidity and corporate governance requirements.
“First Business’ inclusion in this exclusive market tier is the result of continued success following our first registered public offering in December 2012,” stated Corey Chambas, President & CEO. “The market continues to recognize this strong performance as our stock price has increased nearly 65% since the offering, driving our market capitalization to approximately $150 million.”
About First Business
First Business Financial Services is a Wisconsin-based bank holding company, focused on the unique needs of businesses, business executives and high net worth individuals. First Business offers commercial banking, specialty finance and private wealth management solutions, and because of its niche focus, is able to provide its clients with unmatched expertise, accessibility and responsiveness. For additional information, visit www.firstbusiness.com.