Tallinn/Riga/Vilnius, Nasdaq Baltic Market, October 13 , 2017 — Nasdaq (NDAQ) announces that United Partners Advisory OÜ, an Estonian financial advisory services company, becomes a pan-Baltic Certified Adviser on First North, which means that they can advise companies pursuing admission to First North in all three countries.
Nasdaq Baltic First North is a growth market designed for small and medium-sized companies in Baltics. The regulatory requirements on First North are less extensive compared to the regulated market, therefore it is easier for young companies to become publicly traded. The certified adviser’s role is to guide growth companies through the application process and to ensure that the companies fulfil all the requirements of First North rules on a continuous basis.
“ I'm very happy to see that the interest for the First North market has increased both among the companies aiming to become publicly traded and also among advisers. We have recently turned more attention to small and mid-sized companies to make sure that they are also aware of the benefits the stock exchange and the First North market can provide them,” said Kaarel Ots, Head of Nasdaq Tallinn. “The role of the adviser in guiding the companies to the market is very important. As United Partners itself has gone through the process of becoming traded on the First North market just a couple of months ago, I'm even more convinced they will become an excellent adviser to the companies aiming for the First North.”
“Thanks to the local and global media coverage of the success of the First North market in Sweden, many of our clients have become really interested in the perspective of taking their company public. We have the country with the most developed investment culture neighbouring us. We’d like this trend to spread here as well,” said Glen Madis, the Head of Investor Relations at United Partners Advisory. “The First North market provides an ideal opportunity for mid-sized companies to access the capital markets. If the company can continuously perform well, it most definitely has a positive influence on their public image. And last, but not least, becoming traded on the First North market is a good preparation for the potential future listing on the stock exchange’s main list.”
About United Partners Advisory United Partners has been providing financial advisory services since 2003. They have advised over 70 engagements with an aggregate transaction value in excess of 700 million euros. Their services fall under four categories: M&A, corporate finance, other consulting and advisory services for start-up companies. Besides main office in Estonia, United Partners has representation via cooperation partners in Latvia and Lithuania.
About First North First North is regulated as a multilateral trading facility, operated by the different exchanges at Nasdaq. It does not have the legal status as a regulated market in the EU. The regulatory demands are less extensive than on the regulated market and hence there is a higher risk connected to investments on First North. This can also mean higher earnings potential on investments. First North provides a large investor base since it operates on the same trading and settlement systems as the Baltic regulated market.
About Nasdaq Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $12 trillion. To learn more, visit: business.nasdaq.com . Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. To learn more, visit: nasdaqbaltic.com . Cautionary Note Regarding Forward-Looking Statements The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements. Media Relations Contact: Ott Raidla + 372 5552 4824 ott.raidla@nasdaq.com
