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Nasdaq Europe: Nordic and Baltic Capital Markets

Connecting companies and investors through leading stock exchanges, listings and market infrastructure across the Nordic and Baltic region.
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Nasdaq Europe operates exchanges and capital-market infrastructure across Sweden, Finland, Denmark, Iceland, Estonia, Latvia and Lithuania. Connecting more than 1,100 listed companies with local and global investors, Nasdaq supports listings, trading, clearing, market data and sustainable finance across the Nordic and Baltic regions.

Nasdaq Europe Market Statistics

Explore key statistics from Nasdaq’s Nordic and Baltic capital markets, including listed companies, market capitalisation, trading activity, market transfers and new listings. Statistics as of 2026 Q2

675

Companies listed on the Nasdaq Main Markets

444

Companies listed on Nasdaq First North Growth Market

€2T

Total market capitalisation

145+

Companies transferred from First North to the Main Market

€3B

Average daily trading turnover

42

New Listings in 2026 YTD

Why Do Nordic and Baltic Capital Markets Matter?

Nordic and Baltic capital markets provide companies with access to public capital across economies known for innovation, entrepreneurship and international outlook. 
The region combines established regulated markets with growth-market pathways, enabling companies at different stages of development to access investors, increase visibility and support long-term growth.

Active Investment Ecosystem

The region brings together retail and institutional investors, intermediaries, advisers and international market participants across a connected capital-market ecosystem.

A Pathway from Growth to Scale

First North is designed for growth companies, while the Main Market serves companies ready for a regulated market. Companies can progress as they grow.

Transparent Market Infrastructure

Nasdaq supports the market lifecycle through trading, clearing, post-trade services, market data and regulatory frameworks designed to promote efficient and transparent markets.

Why Do Companies Choose Nasdaq Europe?

Nasdaq Europe helps companies raise capital, reach investors and accelerate growth across the Nordic and Baltic markets. With more than 1,000 listed companies and approximately €2 trillion in market capitalisation, Nasdaq offers a trusted pathway from First North Growth Market to Main Market.

Access to Capital, Investors and Global Visibility

Raise capital and connect with retail and institutional investors across the Nordic and Baltic markets and beyond.

Explore More about Listings

Grow from IPO to Global Scale

List on First North Growth Market or the Main Market and access a clear growth journey.

Learn More about First North Growth Market Learn More about Main Market

Leadership in Sustainable Finance

Explore green equity designations, sustainable bonds, carbon removals and other sustainable-finance solutions.

Learn More about Carbon Removal Learn More on Green Equity Designation

Trusted Market Infrastructure

Access transparent regulated markets, resilient technology and strong market surveillance.

Explore Market Surveillance

Explore Nordic and Baltic Capital-Market Solutions

Find Nasdaq services for companies, issuers, investors and market participants across the capital-market lifecycle, from listings and trading to clearing, post-trade services and market data.

List a Company on Nasdaq Europe

Raise capital and access local and global investors through Nasdaq's Main Markets and First North Growth Market.

Explore European Listings

Trade Nordic and Baltic Equities

Trade shares on Nasdaq’s regulated equity markets across Sweden, Denmark, Finland, Iceland, Estonia, Latvia and Lithuania.

Explore Equity Markets

List and Trade ETFs and ETPs

Access exchange-traded funds (ETFs), exchange-traded notes (ETNs) and other listed investment products.

Explore Exchange-Traded Products

Trade Nordic Equity Derivatives

Manage risk and investment exposure using options, futures and other derivatives on Nordic stocks and indices.

Explore Equity Derivatives

Access Nordic and Baltic Fixed-Income Markets

Explore government, mortgage, corporate and sustainable bonds through Nasdaq's fixed-income ecosystem.

Explore Fixed-Income Markets

Explore Sustainable-Finance Solutions

Support sustainability goals through green bonds, sustainable debt markets and climate-focused market solutions.

Explore Sustainable Finance

Clear Trades through Nasdaq Clearing

Access Nordic multi-asset clearing services for derivatives and fixed-income products.

Explore Clearing Services

Access European Post-Trade Services

Use clearing, settlement, custody and related services to support efficient and transparent transactions across Nordic and Baltic markets.

Explore Post-Trade Services

Explore Nordic and Baltic Market Data

Find real-time and historical data for Nordic and Baltic equities, derivatives, fixed-income instruments and exchange-traded products.

Explore European Market Data

Apply for a Nasdaq Legal Entity Identifier (LEI)

Apply for, renew or manage a Legal Entity Identifier through Nasdaq for regulatory reporting and financial transactions.

Apply for or Renew an LEI

Expert Perspectives on the Future of European Capital Markets
Why do capital markets matter for Europe’s future?
Jacob Wallenberg, Chair of Investor AB, explains why capital markets, not banks alone, are the foundation of modern company financing, and how Sweden’s culture of equity saving among individuals has helped fuel long‑term growth.
Feb 25, 2026

Capital Markets News

Nasdaq Stockholm Welcomes Bitwise as New ETP Provider

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The Private Sector’s Role in Scaling Defense Financing in the Nordics: Perspectives from the Defense Industry and Capital Markets Stakeholders

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The Economist: Stockholm is Europe's New Capital of Capital

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Research and Insights on European Capital Markets

How to Create an Effective Savings and Investments Union

A position paper with 11 policy recommendations to inspire further actions by European Institutions and national measures by Member States based inter alia on the Nordic experience.

Read Whitepaper

Mobilizing Europe’s Savings for Growth

This second position paper outlines practical Nordic insights to channel Europe’s savings into investment, boost liquidity, and keep innovative companies growing in Europe.

Read Whitepaper

Nasdaq's Nordic and Baltic Stock Exchanges

Discover the stock exchanges that power some of Europe's most innovative and transparent capital markets. Nasdaq's exchanges across the Nordics and Baltics help companies raise capital, connect investors with opportunities and support sustainable economic growth.

Nasdaq Stockholm

Explore Nasdaq Stockholm

Nasdaq Helsinki

Explore Nasdaq Helsinki

Nasdaq Copenhagen

Explore Nasdaq Copenhagen

Nasdaq Iceland

Explore Nasdaq Iceland

Nasdaq Vilnius

Explore Nasdaq Vilnius

Nasdaq Tallin

Explore Nasdaq Tallin

Nasdaq Riga

Explore Nasdaq Riga

Customer Success Stories From Nasdaq's European Markets

Discover how companies, investors and market participants across the Nordic and Baltic region use Nasdaq Europe to access capital, connect with investors and support long-term growth.
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FAQs
What is Nasdaq Europe?

Nasdaq Europe operates capital-market infrastructure and stock exchanges located in Europe, including Nasdaq Stockholm, Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Tallinn, Nasdaq Riga, and Nasdaq Vilnius. Across these markets, Nasdaq supports listings, trading, clearing, market data and sustainable finance.
Which countries are included in Nasdaq's Nordic and Baltic markets?
Nasdaq’s Nordic markets include Sweden, Finland, Denmark and Iceland, while its Baltic markets include Estonia, Latvia and Lithuania. Nasdaq operates exchanges in Stockholm, Helsinki, Copenhagen, Iceland, Tallinn, Riga and Vilnius, connecting companies and investors across the region.
What is the difference between Nasdaq Nordic and Nasdaq Baltic?
Nasdaq Nordic comprises Nasdaq’s markets in Sweden, Finland, Denmark and Iceland. Nasdaq Baltic comprises the markets in Estonia, Latvia and Lithuania. Together, these seven markets form Nasdaq’s Nordic and Baltic exchange ecosystem in Europe.
How large are Nasdaq’s Nordic and Baltic markets?
As of the end of Q2 2026, 675 companies were listed on Nasdaq’s Nordic and Baltic Main Markets and 444 companies were listed on Nasdaq First North Growth Market.
Why are Nordic capital markets considered successful?
Nordic capital markets combine active retail and institutional investor participation with established pathways for companies to access public capital. First North Growth Market and the Main Market serve companies at different stages of development, while transparent market infrastructure supports trading, investor access and long-term growth.
What distinguishes Nasdaq’s Nordic and Baltic markets?
Nasdaq’s Nordic and Baltic markets combine local exchange expertise with access to Nasdaq’s international market ecosystem. The region offers both First North Growth Market and regulated Main Market pathways, supported by listings, trading, clearing, market data and services for companies and market participants.
Which industries are represented on Nasdaq’s European markets?

Nasdaq's European markets are home to companies across a broad range of industries, including technology, healthcare, industrials, financial services, consumer businesses, energy, and sustainability-focused sectors. This diversity helps create a dynamic marketplace that supports innovation and economic development across the Nordic and Baltic region.
Why do companies choose to list on Nasdaq Europe?
Companies list on Nasdaq Europe to raise capital, broaden their investor base, increase market visibility and support long-term growth. Nasdaq offers First North Growth Market and the Main Market for companies at different stages of development, supported by listing services, market expertise and investor access.
What is Nasdaq First North Growth Market?
Nasdaq First North Growth Market is Nasdaq’s multilateral trading facility for growth companies seeking access to public capital markets. It provides an entry point for expanding businesses and a potential pathway to Nasdaq’s regulated Main Market as companies develop.
What is Nasdaq Main Market?
Nasdaq Main Market is a regulated market for established companies prepared to meet the applicable admission requirements and continuing obligations. It provides listed companies with public-market visibility and access to local and international investors.
What is the difference between First North and the Main Market?
First North Growth Market is a growth market, while the Main Market is a regulated market. The appropriate venue depends on a company’s maturity, objectives, governance and readiness to meet the applicable admission requirements and continuing obligations.
Learn more here: European Listings
How do I list my company on Nasdaq's European markets?
To list on Nasdaq’s European markets, a company first assesses its listing readiness and selects the appropriate venue, such as First North Growth Market or the Main Market. The company then appoints the relevant advisers, prepares the required documentation and completes the applicable review and admission process. Requirements vary by market and country, so companies should consult the current rules and Nasdaq’s listings team.
Start your listing journey here: European Listings
What products and services does Nasdaq offer in European markets?
Nasdaq provides European-market services across listings, equity trading, equity derivatives, fixed income, exchange-traded products, clearing, post-trade services, market data, sustainable finance and Legal Entity Identifiers. Availability varies by market, product and participant type.
Explore our cutting-edge technology solutions tailored for European Markets.