First North Growth Market
A Leading European SME Market Enabling Companies to Grow, Scale and Prosper
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Nasdaq First North Growth Market
A growth market for aspiring companies to access the public market
As a growth market for aspiring companies to access the public market, Nasdaq First North is currently home to more than 550 traded growth companies. There is a well-functioning ecosystem surrounding Nasdaq First North, with advisers facilitating a smooth listing process and a range of investors supporting the market, from retail investors to institutional capital.
All companies applying to be admitted to trading on First North Growth Market must engage a Certified Adviser to be retained for as long as the company is listed.
Benefits of a Nasdaq First North Growth Market Listing
Market Volatility
S30 1-Month Realized Volatility (6-Month Trailing Average)
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S30 1-Month Realized Volatility (6-Month Trailing Average)
Start your growth journey.
A company can join Nasdaq First North Growth Market regardless of the country of origin or industry sector. A key factor for success is investor interest for the company's share. The Nordic region boasts the largest retail presence in the world per capita, with small private and professional investors taking an active role.
Meet Our Clients
Since the listing on First North, OX2 has continued the geographical expansion and our project portfolio has grown significantly.
Nasdaq First North Premier Growth Market
For growth companies with an ambition to list on the Main Market
Nasdaq First North Premier Growth Market is our senior growth market segment designed to assist companies in raising investor visibility and prepare them for a Main Market listing. The Premier segment targets companies that are ready and make a conscious decision to comply with higher listing requirements than the standard First North rules.
In connection with the listing process, all companies applying to be admitted to trading on First North Premier Growth Market must engage a Certified Adviser.
Benefits of a First North Premier Growth Market Listing
Visibility Platform
The Premier segment offers companies an opportunity to make its higher ambition visible towards investors by choosing to list on Nasdaq’s senior growth market segment.
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The Premier segment offers companies an opportunity to make its higher ambition visible towards investors by choosing to list on Nasdaq’s senior growth market segment.
Enhanced Quality Stamp
The stricter listing requirements serve as a quality stamp for the Premier segment, as the company's transparency to the market increases.
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The stricter listing requirements serve as a quality stamp for the Premier segment, as the company's transparency to the market increases.
Institutional Investors
Higher institutional investor interest in the Premier segment indicated by shareholder data.
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Higher institutional investor interest in the Premier segment indicated by shareholder data.
A stepping stone to the Main Market.
On average, more than five companies grow and transfer from First North Growth Market to the Main Market each year. By listing on the Main Market, companies benefit from increased visibility and investor exposure, and Nasdaq’s efficient and independent surveillance of issuers, members and trading.
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Certified Advisers
The Certified Adviser is responsible for guiding and supporting the company during the listing process and for the duration of the listing on Nasdaq First North Growth Market. All Certified Advisers are approved by the Exchange and have attended the Certified Adviser training.
The list of Certified Advisers can be downloaded here.
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The Certified Adviser is responsible for guiding and supporting the company during the listing process and for the duration of the listing on Nasdaq First North Growth Market. All Certified Advisers are approved by the Exchange and have attended the Certified Adviser training.
The list of Certified Advisers can be downloaded here.
Certified Advisers Trading Rules
The company approved as a Certified Adviser may not own more than 10 percent of the shares or voting rights in a company to which they provides advice. In conjunction with the publication of the reports of unaudited annual earnings figures and semi-annual reports, Certified Advisers must provide the Exchange with information about their holdings in those companies to which they provide advice. An employee who is involved in the function as Certified Adviser to a company shall not be allowed to trade in the shares of that company. Find CA shareholdings under Resources below.
Welcome to the Nasdaq family.
Connect With Our Listings Team
Get in touch
Complete the form below to discuss listing your company on Nasdaq First North Growth Market.
Resources
Resource Center
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- Introduction to Nasdaq First North Growth Market
- Going Public - Listing Guide to Nasdaq First North Growth Market
- Listing Transfer Guide to Nasdaq Stockholm
- Listing Guide to Nasdaq First North - Iceland
- First North Premier Growth Market Information Sheet
- Listing of Cooperatives on Nasdaq First North Growth Market Finland (in Finnish)
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- OX2 case study
- Siili Solutions – The Journey from First North to the Main Market
- GreenMobility – Listing as a Tool for Rapid Expansion
- Aspire Global – Gaming Company Leveraging the Nordic Industry Expertise and Strong Ecosystem
- Hexatronic Group – Listing as a Tool for Acquisitions
- GomSpace – Listing as a Tool to Gain Credibility
- Zealand Pharma – Leveraging the Nordic and US Capital Market
Related Services
First North Rules & Regulations
The rules and regulations serve an important purpose to sustain confidence in the financial market, enable a common framework for listed companies and protect minority stakeholders such as retail investors.
Nasdaq European Academy
Training opportunities and information valuable for companies, members, investors and other market participants to help you grow and develop in our markets.
Liquidity Enhancement
A Liquidity Provider can help increase volume and improve the quality of trading in less-traded shares.