Looking to raise capital for your company’s growth?

Then you’re at the right place. Stock exchanges have been connecting ambitious companies and investors for more than 400 years.

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No such thing as too small, or too big

It doesn’t matter how small or big the company is. It’s the attitude and mindset that matter.

Capital isn’t the only thing you’ll get from the exchange

Your company will benefit from increased visibility, enhanced credibility and transparency. A listing gives the company a stock exchange quality mark.

There are many paths to success

On the Baltic exchanges, you can raise capital by selling shares, bonds, and fund units, and list them on either the Main market or on First North growth market. Scroll down to find the best match for your needs!

Nasdaq Baltic Exchanges in Numbers

€2 million
Average daily turnover in 2024
€815 million
Capital raised by companies in 2024
€3.5 billion
Capital raised by governments in 2024
70
Shares listed
101
Bonds listed
1 million
Transactions in 2024

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Book a meeting with our experts! We will respond within 24 hours to set up the details.

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    EfTEN values its stock exchange listing for the increased visibility, transparency, and mark of quality it brings to our stakeholders. It also allows people in Estonia to join the Baltic real estate sector’s growth story—there’s simply no better place than the stock exchange.

    Kristjan Tamla, CEO of EfTEN Capital

    We have welcomed several thousand new, loyal, and engaged clients, thanks to the success of our shareholders’ loyalty program and the compelling growth story of our company.

    Jānis Vība, CEO of VIRŠI-A

    Listing on the stock exchange enhances our international visibility, reinforces investor confidence, and provides access to capital and broader financial opportunities—empowering the confident execution of ambitious growth strategies.

    Mažvydas Šileika, CFO and Board Member of Akola Group

    Saunum and I are living proof that today’s stock exchange is perfectly suited even for small businesses. If you have the courage and drive to become a better entrepreneur and build a stronger company in every way, the stock exchange is for you—regardless of how small or young your business may be.

    Andrus Vare, Founder of Saunum

    Being listed on the Nasdaq stock exchange is a highly significant milestone in LATRAPS’ 25-year history. It has not only provided us with the necessary funding for future development, but has also increased our company’s visibility throughout the Baltic region.

    Gundars Ruža, CFO of LATRAPS

    Listing on Nasdaq has expanded our investor network, boosted visibility, and strengthened our reputation as a reliable partner. Enhanced financing opportunities, improved liquidity, and Nasdaq’s high standards have also elevated corporate governance and supported long-term strategic goals.

    Gintaras Bertašius, CEO of VILVI Group

    Fundraising instruments

    Shares

    Shares – or stocks – are equity securities, so buyers of shares become co-owners and provide a funding that does not need to be paid back. In return, the investors look for the increase of the share price and/or receive dividend as the company grows and develops.

    Bonds

    Bonds are debt securities. Bonds let you raise money without diluting ownership, but oblige you to repay the investors. A company has control over the terms, including the amount, repayment date, interest payment, and so on.

    Funds

    Funds – An investment fund pools money from multiple investors and invests in a portfolio of securities, thus reducing the risks for individual investors and allowing them to benefit from economies of scale as well as the fund manager’s expertise.

    Which market is right for me?

    0 Years
    No requirement for length of business activity
    0 EUR
    No minimum market value of the company
    0% of shares
    No minimum number of shares required to belong to small investors (applies to share listing)
    No prospectus
    A simplified company description, unless it’s a public offering
    Reporting
    Annual and semi-annual financial reports
    Accounting
    Financial accounting standards of choice
    1 language
    Information disclosure in either local or English language
    Certified Adviser
    Agreement with a Certified Adviser
    Share admission €7000
    One-time admission fee

    Annual fee from €4000*

    * Depending on company’s market value
    Bond admission €3000
    One-time admission fee

    Annual fee from €2000*

    Depending on issue size
    2 or 3 years
    Company’s operating experience
    Bonds: 2 years
    Shares: 3 years
    €200 K or €4 M
    Bonds: minimum issue of €200 000

    Shares: Company’s minimum value €4 M
    25% of shares
    At least 25% or 10 MEUR (monetary valuation applies in Latvia and Lithuania) shares in the hands of small investors.
    Prospectus
    Approved prospectus
    Reporting
    Annual report and semi-annual or quarterly financial reports
    Accounting
    Financial reports according to International Financial Reporting Standards
    2 languages
    Information disclosue in local and English language
    Non-financial reporting
    Corporate governance reports and ESG reports if applicable
    Share admission from €7190*
    One-time admission fee

    Annual fee from €8200*

    * Depending on company's market value and chosen listing market
    Bond admission from €4000*
    One-time admission fee

    Annual fee from €3000*

    * Depending on issue type/size
    Explore complete listing requirements in Tallinn in Riga in Vilnius

    How to get started?

    Step 1 / Decision

    The company’s owners need to adopt a formal decision to list the company’s shares or bonds on an exchange (to ’go public’).

    Step 2 / Team and Terms

    Next a share or bond prospectus – a document describing the securities to be offered to investors – needs to be prepared and registered with the local financial supervisory authority. Typically, an adviser is engaged.

    Step 3 / Capital Raising

    Then, for new issues, an initial public offering (IPO) or a non-public offering of the securities is carried out. If the company just wants to list already existing shares, this step is not necessary.

    Step 4 / Listing

    Now a listing application can be submitted to the stock exchange.

    Let's get in touch

    Every company is different and there is no one-size-fits-all solution.

    Let’s discuss how we can help your company grow.

    Eveli Kušner
    Nasdaq Tallinn
    +372 640 8861
    eveli.kushner@nasdaq.com

    Liene Dubava
    Nasdaq Riga
    +371 6721 2431
    liene.dubava@nasdaq.com

    Gediminas Varnas
    Nasdaq Vilnius
    +370 6103 9917
    gediminas.varnas@nasdaq.com

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