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UPM Applies to List WISA Group Shares on Nasdaq Helsinki

UPM has applied to list WISA Group shares, which will be created by spinning off its plywood business. Registration is expected around October 31, with trading from November 2.

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what happened

Finland's UPM-Kymmene has applied to Nasdaq Helsinki for admission to trading of WISA Group Plc shares, which will come out of a partial demerger of its plywood division. Reuters and TradingView reported the filing, with TradingView citing the company's release. All assets and liabilities linked to plywood will move to the new company. UPM's board approved the demerger plan on April 29, 2026, and an extraordinary general meeting endorsed it on August 31.

UPM shareholders will receive one WISA share for each UPM share they hold. Registration in the Finnish Trade Register is expected on or about October 31, and WISA trading should begin around November 2 under the code WISA. UPM keeps its trading code, while its ISIN changes to FI4000603337.

why it matters

For markets, this creates a separately traded stock, letting investors value the plywood business apart from UPM. The first WISA trades and the repricing of UPM after the spin-off could bring elevated volatility.

market impact

UPM and WISA shares: the plywood spin-off creates a separate listed stock for UPM holders

tags

StockFinlandIPOMergerAcquisition

instruments

UPMWISA GroupNasdaq Helsinki

sources

  1. UPM Says Applies For WISA Group Shares To Be Listed On Nasdaq Helsinki — Reuters, 22 October 2026 at 19:30 UTC
  2. UPM-Kymmene Corporation (UPM) Applies to List WISA Group in Helsinki — TradingView, 22 October 2026 at 20:06 UTC
  3. UPM-Kymmene Corporation has applied for WISA Group Plc's shares to be listed on Nasdaq Helsinki — TradingView, 22 October 2026 at 20:06 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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