Nasdaq Welcomes Sorainen as a Certified Adviser on the First North market

30.05.2023 RIG

Tallinn/Riga/Vilnius, Nasdaq Baltic Market, May 30, 2023 – Nasdaq (Nasdaq: NDAQ) announces that Sorainen ZAB SIA has been granted the status of First North Certified Adviser on the Riga market as of May 30, 2023.

First North is a growth market designed for ambitious small and medium-sized companies in the Baltics. Being a Certified Adviser permits Sorainen to guide growth companies in Latvia through the Firth North application process and ensure they meet all the market’s requirements on a continuous basis.

“Latvian companies are interested in raising capital on the stock exchange, therefore, the  experience and knowledge of certified consultants is an essential support for these companies on the way to attract growth financing in the First North market. We congratulate Sorainen on joining Certified Advisers list”, says Daiga Auziņa-Melalksne, the CEO of Nasdaq Riga and the Head of Nasdaq Baltic Exchanges.

Sorainen partner Rūdolfs Eņģelis comments: “A significant part of our client portfolio consists of companies at the active growth, business development and investment attraction stages. Our experience covers a wide range of initiatives – from startups, M&A, bank and non-bank financing transactions to capital market transactions. We are very pleased that by joining the First North Certified Advisors we will be able to support companies in the preparation process, during the fulfilment of the stock exchange conditions and also after joining First North. Our clients have already started to show an active interest in the benefits of being involved in the capital markets.”

Certified Advisers serving on First North are financial industry and business consultancy professionals and have completed special First North training. The complete list of Certified Advisers is available on the stock exchange website: nasdaqbaltic.com.

Sorainen is an international business law firm working as a single integrated team. With 44 partners and more than 250 lawyers and tax specialists, we have the resources to support our clients on all business law and tax issues involving our region. Sorainen Latvia office was founded in 1997 and since then has worked on many significant mandates for international and local clients.

Nasdaq First North Market is tailored to support smaller, growing companies that want to raise capital and get the visibility and credibility of being a public company. For investors, First North offers an opportunity to invest in companies that are at an earlier stage of their growth.