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Trading in Piippo Oyj, a Finland-based manufacturer and distributor of ropes, twines, and net wraps, will end on Nasdaq First North Growth Market Finland on June 29, completing the company's planned delisting after a six-month protection period.
In the morning, Piippo's shares traded at €1.77, giving the company a market capitalization of around €2.3 million. The share price was down almost 80% from March 2015, when the company went public.
The delisting follows Piippo's application to Nasdaq Helsinki in December 2025 to terminate trading in its shares. Nasdaq approved the request last December. Piippo already ended its operating business at the end of 2025 after selling its core assets and has said it has no plans to start a new business.
The company's latest half-year report reflects the transition. Revenue fell to €838,000 in the first half of fiscal 2026 from €6.3 million a year earlier as operations ended. Operating profit improved to €1.9 million, primarily because of gains from asset sales. Average headcount declined to six employees from 60 a year earlier.
Piippo has also said it intends to begin a voluntary liquidation of the parent company after the delisting. According to its latest half-year report, the proposal will be considered once the company's remaining industrial property in Outokumpu has been sold.
For shareholders, next Monday marks the last day Piippo shares can be traded on a public market. The shares will remain in Finland's book entry system, but the company will no longer be subject to the disclosure obligations that apply to listed companies.
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