Estonia, Investments, Legislation, Markets and Companies, Security

"We are looking forward to contributing to both young companies and ambitious entrepreneurs, and expect the First North to serve as a great alternative marketplace," says Olev Schults, the Managing Partner of Cresco Väärtpaberite.

Kalle Viks, the Head of Issuer Services of NASDAQ OMX Tallinn, adds: "Increasing number of experienced First North advisers supports our trust in the concept and helps to spread the word among potential issuers looking for additional financing source in the Baltic countries."

First North gives growth companies easier access to equity capital and visibility in the Baltic financial markets. The companies admitted to trading on First North are given the same possibilities as companies listed on a regulated market, but the regulations are lighter. A company is required to have Certified Adviser, supporting the company in complying with the disclosure requirements and other rules, so that investors have sufficient amount of information in order to take investment decisions, writes LETA.

Cresco Väärtpaberite provides asset management, sales and trading, and investment banking services. Cresco is a founding member of NASDAQ OMX Tallinn (1996). Cresco's investment banking record starts in 1995 and comprises of large range of deals.

First North is an alternative marketplace operated by NASDAQ OMX Nordic and Baltic stock exchanges. Alternative market does no have the same legal status as a regulated market in the EU. Companies traded on First North have to follow the rules of First North instead of the requirements for a regulated market. In the Nordic countries, as many as 124 companies are already traded on First North.