First Vietnamese company to list on Nasdaq, formalizing the creation of a venture builder, acquiring Carmudi Vietnam, new office in Da Nang. The past year was once again an eventful one for fram^.
Awaiting new challenges and victories, we would like to start this new year by summarizing the milestones reached in 2017 – achievements that form fram^’s DNA and make it a truly unique company.
Fram Skandinavien AB listed more than 1.6 million shares on the Nasdaq First North in Stockholm on October 12, 2017, becoming the first Vietnamese company to have its shares traded on Nasdaq.
“This is a great day for all of us in fram^ and it really marks a new era for us as a public company,” said Max Bergman, CEO & Co-founder of fram^. “We are both excited and humbled by the great interest in fram^ so far and we look forward to building a strong company with the help of our new shareholders.”
“We welcome fram^ to Nasdaq First North,” said Adam Kostyál, SVP and Head of European listings at Nasdaq. “fram^ joins our strong and growing technology sector, and we look forward to stand by them on their journey as a public company.”
Johan De Geer, Max Bergman, Christopher Beselin, Stina Andersson
In November 2017, fram^ acquired Carmudi from Rocket Internet, which is one of Vietnam’s leading car classifieds sites. With the transaction, fram^ appointed Toni Tong as new CEO & Founder of Carmudi Vietnam. Toni comes from the international paint group Tambour where he was Head of Strategy & Marketing. Prior to that, Toni worked at the consulting firm McKinsey & Company for 5 years.
Already in December, one month after the acquisition, the company reported its first income – a very promising achievement for such a short period of time. The website’s daily traffic has also grown by double digits and continues to show an upward trend. For more information about Carmudi, please visit the website.
This deal marks the beginning of fram^ as a venture builder, with new exciting acquisitions coming in 2018.
Toni Tong – CEO of Carmudi
fram^’s office in the heart of the beautiful coastal city of Da Nang started operating in March 2017 and is now the second home for framers after the headquarters in Ho Chi Minh City. Facing the Han River, the office grants its visitors a charming view, while the modern interior design and comfortable facilities ensure that framers in Da Nang have a great environment for work.
Read more about our Da Nang office here.
Framers in Da Nang
Fram’s office in Da Nang
From working exclusively with the Scandinavian region to now spanning from west to east – fram^ is rapidly expanding its presence all over the world, and this is just the beginning. 2017 was a fruitful year in terms of adding new partners from different parts of the globe, with clients from the US, Canada, Israel, France, Italy, South Korea and Singapore trusting fram^ to help develop their businesses.
From West to East
The true value of fram^ has always been in its people. The past year was an immensely successful year for fram^ with the number of employees almost doubling compared to the year before. Our talents come from different backgrounds, cultures, places, but are united by passion to what we do and eagerness to reach new heights together.
Christmas party at fram^
We at fram^ hope 2018 turns your dreams into reality and efforts into great achievements. Happy New Year!