First-north

Nasdaq First North Growth Market

Europe’s Leading SME Marketplace for Growth and Scale.

Download Listing Guide Contact Us
Overview

Where Ambitious Companies Take Their First Step Toward the Public Market

Unlock visibility, credibility, and access to capital in a dynamic marketplace designed for growth-stage companies. Nasdaq First North offers a flexible path to public markets with tailored support and strong investor engagement across the Nordics and Baltics.

Nasdaq First North is currently home to more than 450 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.

Find Your Certified Adviser

Benefits of Listing on Nasdaq First North Growth Market

Gain market exposure, attract investors, and build a strong foundation for future growth in a trusted and agile environment tailored for SMEs.

Active and Trusted Market

Growth Partner

Lean Listing Process

Global Brand

Nordic Ecosystem

International Rulebook

Start Your Growth Journey Here! 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. Download Our Listing Guide

Nasdaq First North Premier Growth Market: Your Strategic Launchpad to the Main Market

With enhanced visibility requirements and investor confidence, it offers a structured path toward a successful Main Market listing, empowering businesses to grow, lead, and scale with purpose.

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.

Contact Us
Find Your Certified Adviser

Benefits of Listing on Nasdaq First North Premier Growth Market

With higher transparency standards and increased investor engagement, it’s a powerful platform for building trust, attracting capital, and accelerating long-term growth.

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.

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.

Institutional Investors

Higher institutional investor interest in the Premier segment indicated by shareholder data.

Accelerate Growth with 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. Read More About Transfer Guide
Nasdaq European Listings Newsletter

Stay Ahead of the Market

Trends, insights, and listings news straight to your inbox.

Explore Our Recent Listings

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.

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. 

Nasdaq Listing Center

All forms that are included in the application for a new listing on First North Growth Market must go through the Nasdaq Listing Center.

Visit the Listing Center General Forms
Connections from the U.S. to Nordic Market Did you know that U.S. companies can also list on Nordic exchanges? Learn more about companies that have found a suitable home outside available U.S. markets. Explore U.S. Listings in Sweden
Your Next Step

Nordic Main Market

Our regulated market suited to companies that can adhere to the highest standards.

Key Features:

• Quality Stamp
• Visibility
• Broader and International Investor Base

Explore Listing on the Main Market 

Resource Center

Listing Guides
Introduction to Nasdaq First North Growth Market Download Going Public - Listing Guide to Nasdaq First North Growth Market Download Listing Transfer Guide to Nasdaq Stockholm Download Listing Guide to Nasdaq First North - Iceland Download First North Premier Growth Market Information Sheet Download Listing of Cooperatives on Nasdaq First North Growth Market Finland (in Finnish) Download
Price Lists
Price List - Nasdaq First North Growth Market Download Price List - Nasdaq First North Premier Growth Market Download Price List - Certified Adviser Download Price List - Nasdaq First North Growth Market Iceland EN Download Price List - Nasdaq First North Growth Market Iceland IS Download
List of Certified Advisers
Certified Adviser List Download Certified Adviser Shareholdings Download

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.

Learn More

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.

Find Your Next Training Opportunity

Liquidity Enhancement

A Liquidity Provider can help increase volume and improve the quality of trading in less-traded shares

Learn More