BlueOrange becomes First North Certified Adviser

February 06, 2018

As of 6 February 2018, BlueOrange Bank is granted the status of a Certified Adviser on the First North market in Latvia by Nasdaq Riga.

BlueOrange Bank is now approved to guide growth companies through the application process for First North, the Nasdaq Baltic alternative market, and to ensure that admitted companies fulfill all First North requirements on a continuing basis.

“It is a great pleasure to see BlueOrange Bank actively working and contributing to the development of the capital market in Latvia. I am convinced that their knowledge and extensive experience will provide crucial support for growing companies that are aiming to raise capital and increase their visibility via the First North market,” said Liene Dubava, Member of the Management Board at Nasdaq Riga.

“Beyond classical banking services, BlueOrange specialises in providing financial advice and structuring investment projects for Baltic capital markets. The bank unites a team of experts with over fifteen years of experience in arranging debt instrument offerings, as both private placements and regulated-market issues. What we can offer clients is full service – from preparing their company for capital markets, to negotiating with prospective investors, to listing their securities on an exchange,” commented Jānis Dubrovskis, Member of the Board at BlueOrange Bank. “We are proud that BlueOrange has become the first bank in Latvia to provide its services in the First North market as a Certified Adviser. Our two specialists, Edmunds Antufjevs and Igors Petrovs, have many years of capital markets experience, helping them pick the best investment origination solutions for issuers in the Baltics.”

Nasdaq Baltic First North is a growth market designed for small and medium-sized companies in Baltics. The regulatory requirements on First North are less extensive compared to the regulated market, therefore it is easier for young companies to become publicly traded.

The status of a Certified Adviser is granted to sufficiently experienced business consultancy or financial intermediation companies.

Pictured (left to right): Maija Orbidāne, Senior Account Manager, Issuer Services at Nasdaq Riga; Edmunds Antufjevs, Head of Investment Origination at BlueOrange; Igors Petrovs, Chief Compliance Officer at BlueOrange.

About Nasdaq

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