Exchange operator Nasdaq OMX Group has launched First North Premier, a new segment of First North, the alternative growth market of the group’s Nordic exchanges.
The new segment is for companies who want their shares to be traded on the First North growth market but also want to comply with the more rigorous disclosure and accounting rules of the main Nasdaq OMX Nordic market. Companies in First North Premier will, for example, have to use International Financial Reporting Standards for accounting and financial reports.
So far, seven companies have been approved for trading on First North Premier: Aqueri Holding; Black Earth Farming; CellaVision; Entraction; Guava; Precio Systemutveckling and Tretti.
“We are delighted to offer this opportunity for companies that are interested in committing to deliver a higher standard of transparency, thereby enabling increased liquidity in their shares,” said Jenny Rosberg, senior vice president, Nasdaq OMX, in a statement. “This is also a great opportunity for companies that are preparing for the next step – a listing on our Nordic main market.”