Nasdaq First North’s stock markets (in Sweden, Denmark and Finland) are classified as Small and Medium-Sized Enterprise Growth Markets. MiFID II created a new kind of MTF called SME Growth Markets with the intention of making it easier for SMEs to have access to financing. This is just one more way that Nasdaq is trying to enhance the SME markets for the benefit of issuers and shareholders. In addition to the aforementioned benefits, the goal that Nasdaq First North’s new role as a Small and Medium-Sized Growth Market will allow us to:
Help Providing the most of SME listings, boost Nasdaq First North Growth Economy’s international presence and accessibility at the European market,
Inspire global issuers and shareholders, promoting a more vibrant and liquid markets.
Nasdaq First North is one of Europe’s major markets for SMEs. First North’s equity divisions now have access to EU-created regulatory reliefs because to the market’s designation as a Small and Medium-Sized Enterprise Growth Market. The change is anticipated to raise Nasdaq First North’s prominence abroad and entice additional foreign investors to the platform. Nasdaq is optimistic that the SME Growth Market designation on Nasdaq First North will provide the market with an extra quality stamp as one of this EU framework, in addition to the decreased administrative burden that has been highlighted. The expansion of Nasdaq First North Growth Market’s global profile is intended to attract more overseas investors and issuers, making for a more active and dynamic market.