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.
Certified Advisers
NASDAQ OMX Tallinn

 

NASDAQ OMX Riga  

NASDAQ OMX Vilnius 

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.