Nasdaq First North becomes an SME Growth Market
On 1 September 2019 the equity segment of Nasdaq Firth North becomes an EU SME Growth Market and changes its name to Nasdaq First North Growth Market. Nasdaq Firth North covering Sweden, Denmark and Finland has received approval for the European Union SME Growth Market status, a sub-category of the multi-lateral trading facilities (MTF). SME Growth Markets are intended to facilitate access to capital for small and medium-sized enterprises (SME) and to avail them of certain regulatory reliefs. However, the equity segment of Nasdaq First North Iceland will not become an SME Growth Market at this juncture. Nasdaq First North’s transition to SME Growth Market will become effective on September 1, 2019, and the equity segment of the market in Sweden, Denmark and Finland will then be referred to as Nasdaq First North Growth Market. Nasdaq First North is widely regarded as one of the top European market places for SMEs with 280 new listings since 2015 and approximately EUR 3 billion capital raised by issuers. Other European MTFs that have received the SME Growth Market status include LSE/AIM, Borsa Italiana, Zagreb Stock Exchange, the Bulgarian Stock Exchange and the Warsaw Stock Exchange Group (NewConnect).
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