Nasdaq Nordic and Baltic: Listing Requirements and IPO Guide

Headquarters

Stockholm, Sweden

Region

Europe

Market Focus

Growth & Mid Cap

Overview

Nasdaq operates stock exchanges in Stockholm, Copenhagen, Helsinki and Reykjavik, as well as Tallinn, Riga and Vilnius in the Baltics. They share common rules and trading systems following Nasdaq's acquisition of OMX in 2008.

Each exchange has a regulated Main Market and First North Growth Market for smaller companies, which has been one of Europe's most active growth markets.

Known For

A large number of growth company listings, particularly in Stockholm
Life sciences, gaming, technology and industrial companies
First North Growth Market and its Certified Adviser model
High retail investor participation in Sweden

Listing Considerations

First North has lighter requirements but needs a Certified Adviser
Each country's financial supervisor oversees its own exchange
Nordic investors are familiar with early-stage public companies
Shares trade in local currencies, with euro trading in Helsinki and the Baltics

Key Facts

Founded

1863 (Stockholm)

Operator

Nasdaq, Inc.

Regulator

National supervisors, e.g. Finansinspektionen in Sweden

Main Index

OMX Stockholm 30, OMX Copenhagen 25, OMX Helsinki 25

Currency

SEK, DKK, ISK and EUR by market

Trading Hours

9:00 a.m. – 5:30 p.m. CET (Stockholm), Monday–Friday

Market Segments

Main Market, First North Growth Market

Official website →

Listing Requirements

Expected market value of at least €1 million
Free float of 25%, or at least 10% if worth SEK 500 million or more (Stockholm)
At least 500 qualified shareholders (fewer allowed with a liquidity provider)
Three years of operating history and financial statements, as a rule
First North Growth Market: lighter rules, with a Certified Adviser

Headline Main Market requirements from the Nasdaq Nordic Main Market Rulebook, checked November 2026.

Considering a public listing?

Global Capital Network connects companies with the investors and advisers who work across these markets.

Explore Opportunities All Exchanges

Nasdaq Nordic and Baltic