Law firm COBALT approved as alternative market adviser

Nasdaq announced February 23 that Nasdaq Riga has granted COBALT, a law firm, the status of Certified Adviser on the First North Market in Latvia as of February 23.

Certified Adviser status authorizes COBALT to guide growth companies in Latvia through the First North application process and ensure that the companies meet First North rules and requirements.

“Raising capital through a stock exchange is becoming more and more attractive for entrepreneurs, and the support of professional advisors is an important success factor for companies on their IPO journey. So we welcome COBALT to the Nasdaq First North family of certified advisors and wish them all success in supporting modern and ambitious Latvian companies that seek to raise growth capital,” said Daiga Auziņa-Melalksne, the CEO of Nasdaq Riga and the Head of Nasdaq Baltic Market.

COBALT is a pan-Baltic law firm with an affiliated office in Belarus as well, and more than 250 attorneys and support staff.

The Nasdaq First North Market supports smaller, growing companies that want to raise capital and get the visibility and credibility of being a public company. For investors, First North offers an opportunity to invest in companies that are at an earlier stage of their growth. First North is an alternative market and is often seen as the first step towards trading on the regulated market.

 

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