NASDAQ OMX - OMX Nordic Exchange

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First North in the Baltic countries is an alternative marketplace for small growth companies, providing a world of opportunities on the Baltic financial markets. First North is a part of NASDAQ OMX Nordic Exchange. First North in the Baltic countries has the same business model as First North in the Nordic countries with some country and region specific adjustments and differences.

First North gives companies greater visibility and ease of access to equity capital, combining the benefits of being on-market with simplicity. That means that the companies admitted to trading at First North in the Baltic countries are given the same possibilities as large companies on Baltic Main market, but the regulations are lighter. And when the company is ready for the Main list it is a short step. You are almost there.

All companies that wish to join First North must engage an Adviser in connection with the application process. Certified Adviser will advise company on its readiness for trading, and assist with application. The Adviser also has the obligation to constantly monitor the company’s compliance with the rules of First North and report any transgressions to the Exchange.

23.01.2008
11 companies become first Certified Advisers on First North in Lithuania
05.11.2007
“Laika stars” have become Certified Adviser on the alternative market First North in Latvia
02.11.2007
SEB Enskilda and Deloitte Latvia becomes Certified Advisers on the alternative market First North
22.10.2007
Eventus Partners becomes the first Certified Adviser on First North in Latvia
01.06.2007
First North opens in Latvia

Certified Advisers

Tallinn Stock Exchange

Riga Stock Exchange

Vilnius Stock Exchange

Important information

First North is an alternative market, operated by the different exchanges within NASDAQ OMX. It does not have the same legal status as a regulated market in EU, which is a term used in the EU directive, called MiFID. According to MiFID, trading can be organized with a less complicated set of rules within the framework of a Multilateral Trading Facility (MTF). First North is operating as MTF and Companies traded there are subject to the rules of First North and not the legal requirements of regulated market. Due to lower requirements in First North, the risk in such an investment may be higher than on the regulated market.