First North – OMX’s alternative marketplace open in Denmark

First North is an entirely new marketplace is thus a reality. Already at the opening, one company – Deadline Games – has been admitted to trading on First North, and 15 Approved Advisers and 18 members are attached to the marketplace.

”With First North, OMX offers yet another attractive marketplace. First North is tailored to support the many, primarily small, companies that are to help ensure growth and prosperity in Denmark and the Nordic region in general,“ says Jan Ovesen, Deputy President of the Copenhagen Stock Exchange and continues: “We are very happy about the great support and inspiration that we have received in connection with the establishment of the alternative marketplace from the Danish Government and Danish Parliament, the various players in the financial sector and the Danish business community in general.”

Apart from establishing a Nordic alternative marketplace, OMX also offers small companies a channel through which to raise risk capital and an access point for both professional and private investors to invest capital in non-stock exchange listed companies via the same trading system that is used for trading in shares listed on OMX’s exchanges.

Kristian Jensen, Danish Minister for Taxation comments: “In order for companies in Denmark to turn innovation and business ideas into commercial successes, more risk capital is needed. First North can serve as a display window for new and dynamic companies – a display window that will put even more focus on a big and important layer of small, but dynamic and innovative companies which are a prerequisite for an energetic and vigorous business sector.”

“We are extremely proud to present 15 firms which have been approved as ‘Approved Advisers’. It is very positive to observe the great interest to help and support the companies that want to go on First North. It is inspiring to note that the ‘Approved Advisers’ come from all four areas within corporate counselling, Several of them have not had a close relation to the stock market, but are strongly related to the companies”, says Carsten Borring, Head of First North in Copenhagen.

Source: FirstNorth