Nasdaq First North

Nasdaq First North is a leading growth market in Europe, specifically tailored for small and medium-sized enterprises (SMEs) in the Nordic and Baltic regions. As a division of Nasdaq Nordic, it operates as a multilateral trading facility (MTF) that offers a more flexible regulatory environment than the main market, facilitating easier access to public capital for emerging companies. It is particularly significant for the life sciences sector, serving as a primary listing venue for numerous early-stage biotech, medtech, and healthcare companies. The exchange provides a pathway for these firms to gain institutional investor exposure and eventually transition to a regulated main market. It plays a critical role in the European innovation ecosystem by providing liquidity and visibility to growth-oriented businesses.