Nasdaq Welcomes Ellex in Estonia as a Certified Adviser on Tallinn First North Market

Nasdaq announces that Ellex law firm in Estonia has been granted the status of the Certified Adviser on Nasdaq Tallinn First North Market.

Nasdaq First North Market is tailored to support smaller, growing companies that want to raise capital and get the visibility and credibility of being a public company. For investors, First North offers an opportunity to invest in companies that are at an earlier stage of their growth.

The certified adviser’s role is to guide growth companies through the application process and ensure that the companies fulfil all the requirements of First North rules on a continuous basis.

“The addition of one of Estonia’s leading law firms to First North’s advisers list is a recognition for both the First North market and the companies striving to that market,” said Kaarel Ots, CEO of Nasdaq Tallinn.

“I have been waiting for a long time for First North to become more active as a venue for raising capital and trading,” said Gerli Kivisoo, a partner at Ellex Raidla Law Firm. “In my opinion, First North is a very good format for an Estonian-sized market where the medium and small-sized companies are the engines of the economy. Now’s the time – First North is becoming more and more popular and interest in the opportunities of this market has increased significantly among both issuers and investors. I dare to say that this is a growing trend and First North market is the place to be today,” Kivisoo added.

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