Nasdaq to launch first north 25 index
Stockholm, October 1, 2015 — Nasdaq (Nasdaq: NDAQ) today announced the launch of First North 25, a new index for the 25 largest and most traded shares on Nasdaq First North and Nasdaq First North Premier. The First North 25 index will be launched and disseminated on October 15, 2015, and is an important part of Nasdaq’s continuous efforts to provide the leading platform for growth companies.
“Supporting small and medium sized enterprises is a part of our Nasdaq DNA”, said Adam Kostyál, Senior Vice President and European Head of Listings. “By launching First North 25, we want to highlight the growing investment opportunities on Nasdaq First North to a broader group of institutional investors, and provide further visibility for companies included in the index.”
Companies included in First North 25 are selected through a two-step process. Firstly, the 30 largest companies measured by market capitalization are selected. The 25 most traded shares within this pool, measured by aggregated trading turnover over a six month period, are selected for the index. The First North 25 portfolio will be reviewed twice a year with new portfolios being effective the first trading day in January and July.
With the First North 25 launch, Nasdaq also introduces four local country indexes for the Nordic markets; First North Sweden, First North Finland, First North Denmark and First North Iceland. The four indices will include shares traded on the respective markets, and are designed to add further visibility for Nasdaq First North in the Nordics.
“Since its launch in 2005, Nasdaq First North has grown significantly and is now home to more than 200 growth companies”, said Adam Kostyál. “Studies show that job creation in small and medium sized companies increase greatly after listing. Providing these companies with visibility and an attractive platform for raising capital is essential for the future growth of our economies.”
First North Sweden, First North Finland, First North Denmark and First North Iceland will be launched and start disseminating on October 15, 2015. For a detailed description of the selection criteria is found here: Read full description