The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces that as of July 1 the auditing and business consulting company Grant Thornton Rimess is granted the status of the Certified Adviser on the Baltic First North Market by NASDAQ OMX Tallinn.
Grant Thornton Rimess will offer its advisory services to the Estonian companies aspiring to list their shares on the alternative market First North.
“Acting as an adviser, we can offer our more than 20 years of experience and knowledge to help young and ambitious companies on First North to fulfill their growth potential,” said Artur Suits, partner of Grant Thornton Rimess. “As we are focused on consulting emerging and growing companies, joining First North Certified Advisers team is a natural step for the company.”
According to Rauno Klettenberg, the CEO of NASDAQ OMX Tallinn, it is of utmost importance that there are plenty of well-experienced advisers guiding the companies that think about listing their shares on the alternative market.
“As alternative market is mostly meant for small and young companies, it is vital to have first class advisers helping them on the journey,” said Klettenberg.
Certified Advisers guide growth companies through the application process to the NASDAQ OMX Baltic Market First North and ensure that the companies fulfill all the requirements of First North on a continuing basis. The status of a Certified Adviser is granted to sufficiently experienced business consultancy or financial intermediation companies.
There are 13 Certified Advisers on the Baltic First North in total: six in Estonia (Grant Thornton Rimess, Cresco Väärtpaberid, LAWIN, Redgate Capital, SORAINEN, and VARUL), six in Latvia (Ardente, Baker Tilly Baltics, Eventus Corporate Finance, Prudentia, Superia, and VARUL), and two in Lithuania (Swedbank, Verslo konsultacijų spektras). The Law Firm VARUL operates with the status of Baltic Certified Adviser.
